Experts Byju Yuanfudaotobin is a prestigious business school located in Beijing, China. It has been operating for almost a century, and has become a center of learning in the world of business. However, there are reports of workers at the school dissenting and organizing, and there are also questions about the ethics and practices of the business school. The following article discusses these issues.
YFD’s portfolio is comparable with offerings of Byju’s, Doubtnut, Vedantu, WhiteHatJr
One of the largest edtech start-ups in the world, BYJU’S, is in the business of live, interactive tuition. The company’s portfolio includes a range of programs, including movies, game-like simulations, and specialized courses. It has built a sales funnel that is efficient and effective. In the latest financial year, the company generated $375 million in revenue. Having established itself as a formidable competitor, the company is looking to diversify into overseas markets.
For students who want to get a headstart in school or college, BYJU’S offers a slew of educational content in English and Hindi. This is made available through its two-way audio, video, and whiteboarding tools, which enable a live connection between teachers and students. Aside from the online content, the company also has an offline program for students who prefer to learn at their own pace.
Similarly, Vedantu, an Indian interactive online tutoring platform, hosts a variety of content in the languages of English and Hindi. Using its WAVE technology, educators can provide customized teaching through video and two-way audio. Moreover, Vedantu has a marketplace model that allows students to connect with online mentors. Additionally, Vedantu offers preparation for competitive examinations, such as the JEE, and for college boards.
Finally, there is WhiteHat Jr, a Chinese edtech start-up that helps children build online apps and animations. Although the company did not make a splash initially, it recently launched a new English learning application for 2-8 year olds. While it’s not a direct competitor of BYJU’S, it does share some common features with the latter, such as a highly efficient sales funnel.
Byju’s is a highly innovative company that aims to help students understand concepts through a well-structured pedagogy. Unlike many other edtech companies, Byju’s is also a pioneer in providing live tuition to its users. Besides offering recorded lectures and assignments, it also provides a separate platform for doubt resolution. Lastly, the company’s core team spends most of their time developing and creating engaging, personalized content.
Overall, BYJU’S offers edtech solutions that are both customized and comprehensive, and focuses on self-learning and technology to create life-long learners. Currently, the company is expanding its reach into foreign markets, and has been building a sales funnel that is highly efficient. In short, if you are looking for a good, high-value Edtech start-up, you should consider YFD and BYJU’S.
Unacademy denies workers’ accounts as “factually incorrect representation of our culture”
The edtech industry is awash with stories of misrepresentation of products and poor working conditions. While the government has weighed in on the matter, the details have been few and far between. One startup, Unacademy, backed by SoftBank, says its employees’ accounts are “factually incorrect representation of our culture.” It argues that its mission is to “nurture growth” in every employee, a lofty goal to be sure.
On the other hand, Vedantu, a venerable Indian electronics company that has closed down operations in the US, has not responded to requests for comment. However, a recent Context article compiled information from several former employees. Most notable was that the company’s salesforce had dwindled from over a thousand employees to less than a dozen. In October, a senior executive reportedly left the firm, only to return a month later after suffering an injury.
A similar story is playing out at a larger scale at Byju’s. An alleged blacklist of workers has been blamed for the mass layoffs, which has had the effect of forcing staff to work longer hours. Some employees even said they were forced to work on their days off. This has prompted some workers to join an anti-organisation group to voice their complaints.
One company, in particular, has caught the attention of several media outlets and government agencies, and appears to have been under the spotlight for all the wrong reasons. Several former workers have claimed that the “Made in India” label is a misnomer, and have described their experiences in detail.