Bengaluru: Byju’s, the edtech startup, has raised an undisclosed funding from Belgium based venture firm Verlinvest. The money will be used for fuelling international expansion and acquisition plans. “In the last 18 months, we have witnessed exponential growth in India. While these numbers are ve…
Tag: Byju Raveendran
With $323 mn funding, 2016 a bumper year for ed-tech cos
The year 2016 has become a bonanza for the education sector, which has received investments of $323 million -surpassing the previous high of 2014 when ed-tech companies raised $223 million. At 26, the number of deals this year was also over three times more than last year’s $98 million (23 …
Education technology start-up Byju’s raises funds from World Bank arm IFC
Education technology start-up Byju’s, owned by Think and Learn Pvt. Ltd, has raised an undisclosed amount from World Bank arm International Finance Corp. (IFC), the company said in a statement on December 20. The latest round came close on the heels of Byju’s raising $50 million from the Chan Zuc…
Zuckerbergs lead $50 mn investment in BYJU’s
Facebook founder Mark Zuckerberg’s investment arm for education and healthcare, the Chan Zuckerberg Initiative, has made its first investment in Asia in BYJU’s, a Bengaluru-based education technology firm. The $50 million commitment saw funding from investors such as Sequoia Capital, …
Startups using newer methods like videos and puzzles to teach mathematics
Parth Behani, a ninth grade student in Bengaluru, is challenged to look ‘beyond the obvious’ to solve math problems every weekend. For Behani, mathematics is a discovery of possibilities rather than just knowing formulas and scoring marks. Behani’s enthusiasm and attitude is tha…
Edutech firm Byju’s to raise $50 million
Bengaluru-based education technology (edutech) firm Byju’s says it is in advanced stages of talks to raise $50 million (about Rs 336 crore) in funding, which will help it expand into the US, the UK and other countries over the next few months. Byju’s says it will utilise the newly raised capital …
Byju’s to add more products to learning app, expand internationally
Education-technology company Byju’s has raised $75 million (about Rs 499 crore) from Sequoia India and Belgian investor Sofina to add more products to its learning app and spur international expansion. “We are predominantly focussing now on maths and science. We will be adding more su…