Byju’s is an EdTech company?
From the team composition perspective:
– BD + Sales + Marketing + Media = 73%!
– Education is 4%
– Tech is 4%
JP Morgan Chase has more programmers than Microsoft. That doesn’t make JPMC an IT company.
Big Bazaar might have more programmers than your company. That doesn’t make Big Bazaar an IT company.
A company’s industry vertical is decided by what it writes on the invoice i.e. what it sells – not by how many people it employs in different functions.
A typical Silicon Valley software company spends 2 dollars on Marketing for every dollar on Engineering, with the ratio hitting 4:1 or even higher for outliers like SFDC and Zoom. That doesn’t make any of them a marketing company. They’re all software companies.
I hope Byju’s’s astounding success stops Indian software founders from engaging in idle banter about totally irrelevant things and opens their eyes to what really matters in order to succeed.