Reliance owned Jio and EdTech unicorn Byju’s are in the list of 100 most influential companies by TIME. The TIME magazine has come up with a list of hundred most influential companies. It has mentioned in its website that those companies that shape the future of the world have been mentioned in this list of 100 most influential companies. In the list two Indian companies, the Reliance Industries Ltd. and the Byju’s educational platform, have also been given a nod by Time.
The nominations were made across several sectors like healthcare, entertainment, transportation, technology, etc. and the evaluations were made based on the parameters of relevance, impact, innovation, leadership, ambition and success.
The Jio Platform, a wing of the Reliance Foundation came under the list of the Innovation category of the TIME 100 most influential companies and was listed for bringing a massive digital transformation in India.
The founder of Jio is Mukesh Ambani, and it has its headquarters in Mumbai, Maharashtra. Besides Jio, the other companies that were listed under the Innovation category includes Zoom, TikTok, Ikea, Netflix, and Moderna. Jio Platform is currently working with Facebook and aiming to develop an e-commerce platform in WhatsApp and Google so that 5G smartphones are rolled out at low cost.
Byju’s is another Indian company to get listed amongst the 100 most influential companies by Time. It is an educational platform promoting E-learning. It was established in 2011 by Byju Raveendran with its headquarters in Bangalore, Karnataka.
Byju’s is a Bangalore based startup and has now acquired the status of unicorn in the year 2017. Byju’s is an online educational platform which has helped several students in pursuing their respective courses, be it of higher secondary level, or undergraduate level or graduate level students. It is popular for bringing in things like pizzas and cakes in order to explain a concept. It has seen a steep rise in the number of students during the pandemic. Byju’s has nearly 80 million students, out of which 5.5 million students have gone for a subscription.
The company has also issued a huge amount through funding rounds. The run rate of Byju’s is estimated to get up to $1 billion by the next year from $8000 million. It is the second most profitable service in India, the first being the unicorn Paytm whose value is around $15 billion as rated in the last fundraising round.
Byju’s was put in the Disruptor’s category in the list and the other companies that were listed in the Disruptor’s category are Tesla, Huawei, Shopify, Airbnb and DiDi Chuxing. Byju’s is not only famous in India but also has users who are not from India and belong to other countries like the US, UK, Indonesia, Mexico and Brazil. The Bengaluru based startup has also expanded itself by acquiring the Aakash Educational Services, which is a leading chain of institutes preparing students for competitive exams, for almost $1 billion and has also acquired the WhiteHat Jr. App that trains kids to code. Byju’s has also acquired Osmo in 2019, which is an educational game-maker.
