The company has also drawn up an investment plan in the range of $50-100 million for overseas expansion in English-speaking countries
Education technology company Byju’s is planning to double up its workforce this year by hiring 3,000-3,500 employees.
The company is looking to hire 2,000 people for its sales and operations team, while the rest will be recruited for the content creation team, according to a report by Times of India.
This recruitment drive is going to be one of the biggest by a private internet company in recent years.
Backed by Naspers and Tencent, Byju’s has been growing at 100 per cent for the last three years and is targeting to touch Rs 1,400 crore in revenue in the year ending March 2019, as mentioned in the Times of India report.
The company’s announcement of doubling their workforce hasn’t come as a surprise, with Byju’s bagging a good capital recently.
Byju’s raised $540-million in its latest round of funding, making it the fifth-most valued company in the country. Valued at $3.6 billion, the company is ranked after Flipkart, Paytm, Ola and Oyo. The company also claims it has around 2 million annual subscribers.
Investment plan for overseas expansion
The Bengaluru-based company, which had acquired US-based Osmo in a $120-million deal, is planning to use Osmo to enter the kids’ segment by mid-year with a standalone app.
Byju’s founder Byju Raveendran told the daily that the company has also drawn up an investment plan in the range of $50-100 million for overseas expansion in English-speaking countries.
The company is also in talks with several creators of popular cartoon characters to integrate on the company’s kindergarten segment.