In this article, we discuss the 5 most valuable EdTech companies in the world. If you want to read our detailed analysis of the EdTech industry, go directly to the 10 Most Valuable EdTech Companies in the World.
5. Bright Horizons Family Solutions Inc. (NYSE: BFAM)
Market Cap: $8.61 billion
Bright Horizons Family Solutions Inc (NYSE: BFAM) is a US-based EdTech company which was founded in 1986. The company offers education and care solutions to its customers helping them to manage their work/life balance. Bright Horizons Family Solutions (NYSE: BFAM) comprises three business segments: full-service center based-child care, Back up care, and educational advisory services. The company generates most of its revenue from full-service center based-child care. The company has 26,800 employees and 29 investors.
4. Zuoyebang
Valuation: $10.0 billion
Zuoyebang is one of the largest Chinese EdTech companies that offers a platform for online courses, live lessons, and homework help for kindergarten to 12th grades students. It was launched in 2015 supporting both iOS and Android. The company claims 170 million active users of whom 50 million are seeking service each day.
In 2020, the total number of students in the company’s paid Livestream classes reached more than 10 million setting a record in the history of the industry. A large competition exists among China’s top online learning apps which has become even more intense due to COVID-19. Zuoyebang scored a significant funding round which raised $1.6 billion Series E+ from the investors.
3. Chegg, Inc. (NYSE: CHGG)
Market Cap: $11.567 billion (As of 18 August 2021)
Chegg Inc (NYSE: CHGG) is the third largest publicly traded company in our list of the 10 most valuable EdTech company in the world. The company provides the leading student-first connected online learning platform that helps every student in achieving their best in school and beyond.
Chegg Inc (NYSE: CHGG) was founded in 2005 by Iowa State University students Aayush Phumbhra and Osman Rashid. The US-based Chegg Inc (NYSE: CHGG) offers its products like Cheap Textbooks, Chegg Coupon, Solution Manual, eTextbooks and many more. The company currently has 1,941 employees. Chegg Inc (NYSE: CHGG) provides 25,000 textbooks titles for students with standardized test preparation, career preparation, and study material on its website.
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2. Yuanfudao
Valuation: $15.5
Yuanfudao is a Beijing-based EdTech company that provides online courses and tutoring through an online platform. It is a K12 online education institution established by Li Yong and Li Xin in 2012. Yuanfudao is one of the biggest companies in China with a $15.5 billion valuation making it one of the most valuable private EdTech startups across the world.
As of 2020, the company witnessed more than 400 million users. Yuanfudao offers several online learning products including an online question bank, mathematic problem checking app, question searching app to name a few.
1. BYJU’S
Valuation: $16.5 billion
Byju’s is a multinational educational technology company based in Bangalore, India. It was founded in 2011 by ByJu Raveendran and Divya Gokulnath. As of June 2021, the company is worth $16.5 billion. The company has 40 million users of whom 3 million are annual paid subscribers with an 85% retention rate.
Byju’s furnishes online courses for students from class 4 to 12. The company enables students to prepare for the examination such as IIT-JEE, NEET, IAS in India and international examination such GRE and GMAT. Byju’s works with the vision of providing students with a complete learning experience from the best of teachers across the world.
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