The homegrown ed-tech company, Byju’s will be taking over as the sponsors of the Indian cricket team from Chinese mobile manufacturer Oppo. Byju’s is a Bengaluru based online tutorial firm which has grown its market over the years into many folds. It is a tripartite agreement between BCCI, Oppo & Byju’s and will see the women’s, U-19 as well as the men’s cricket team wearing the jersey with Byju’s logo. The deal period will begin from 5 September 2019 until 31 March 2022 as South Africa will Tour India. As per the deal, Oppo was paying BCCI Rs 4.61 crore per bilateral match and Rs 1.56 crore for an ICC event game and the same amount will be continued with Byju’s, thus BCCI not losing any money.
Should more homegrown companies be the official sponsors in every upcoming league or national teams? As OPPO became a household name in just five years of operations in India but this only surged the Chinese economy.