ADVERTISEMENT

BYJU’s Gets Undisclosed Fund From BlackRock and Others
B

The edtech major BYJU's has secured an undisclosed amount of funding as a part of its 500 million USD round. With the latest infusions, the company is now valued at 10.8 billion USD. It has raised capital from BlackRock, Sands Capital, participation from Silver Lake, and others.

On Tuesday, BYJU’s (1), the edtech major, stated that it had secured an undisclosed amount from BlackRock, Alkeon Capital, and Sands Capital. Owl Ventures, General Atlantic, Tiger Global, the startup investors, and Silver Lake also participated in the latest round, as per the company’s statement. 

The fresh tranche is part of the company’s 500 million USD or nearly 3,672 crore INR funding round as per the sources. Now the company’s valuation has reached 10.8 billion USD. 

In early September, BYJU’s announced the new fundings from Silver Lake and its existing investors, such as General Atlantic, Owl Ventures, and Tiger Global. The Founder and CEO of BYJU’s, Byju Raveendran, stated that the team is delighted to welcome BlackRock, Alkeon, and Sands Capital as partners. The firm aims to keep creating engaging and personalized learning solutions. With the partnership, the startup can reaffirm its commitment towards building and transforming the learning landscape via technology, quality, and innovation across the globe. 

 

BYJU’s Aiming to Accelerate Its Global Expansion Plans

Raveendran stated that the existing investors’ continuous support indicates their trust in BYJU’s and its mission. Notably, the edtech startups have observed a spike in its growth during the coronavirus pandemic, toiling as an inflection point. 

The edtech major has launched BYJU’s Classes and marked its entry in the after-school learning segment. It is a comprehensive program that offers online tutoring. The firm also offers learning programs in multiple languages such as Hindi, Gujarati, Kannada, Malayalam, Bengali during the COVID-19 resultant lockdown. 

Last month, the firm acquired a coding platform based in Mumbai, WhiteHat Jr. The startup anticipates that the integration will accelerate its plan of global expansion as coding is an emerging future skill. BYJU’s has observed 25 million new students since the lockdown. Currently, the app has more than 70 million users, with 4.5 million annual paid subscription, as the company claims. 

+ posts

Rucha Joshi, currently managing a team of over 20 content writers at TimesNext is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student and a passionate leader.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Team Rucha Joshi
Team Rucha Joshi
Rucha Joshi, currently managing a team of over 20 content writers at TimesNext is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student and a passionate leader.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

Customer-first marketing is a tactic that allows businesses to create content, product, & marketing campaigns that aim to put their customers first.

Your Ultimate Guide for Customer-First Content Marketing Plan

0
It offers a significant change from traditional marketing strategy, which focuses on creating marketing initiatives based on their organization's needs over customers' needs.  If you...
With the rapid rise of digitalization and businesses moving online, the popularity of no-code and low code apps is also moving up the ladder.

Democratization of the Tech World with Low-Code and No-Code Platforms

0
A slew of startups and early-stage companies are choosing NCLC, no code, low code software when the Indian software engineers' monthly remuneration is witnessing...
A growth mindset is an important lesson Elon Musk has taught to every business worldwide. Let us dive into this very lesson today.

Growth Mindset: A Key Success Lesson to Learn from Tesla’s Elon Musk

0
A stroke of ill luck has caught car companies into mayhem with a worldwide shortage of chips and ships. However, there is one company...
An energy crisis is looming over the coal supplies growing perilously low, adding challenges to the world's fifth-largest economy.

Explained: Why is India Experiencing Coal Crisis

0
Mere few days ago, people were in chaos as Facebook and its products were down for over six hours (1). Imagine if you had...
The phenomenon of startups helping startups goes a long way in building a dynamic, diverse, and driving entrepreneurial ecosystem.

Peer Mentoring: A Proactive Measure Needed for Startup Success

0
Being an entrepreneur can be pretty lonely. It is challenging to come across the right person to generate a peer mentoring relationship and learn...
Evergrande, the Chinese real estate giant, is the world's most indebted company at present. It owes more than 300 billion USD in liabilities.

Evergrande Crisis: The Chinese Infrastructure Giant is Set to Collapse

0
The Evergrande crisis in 2021 is reminding people of the 2008's economic crisis. The colossal Chinese real-estate developer is trembling while also threatening markets...

Get the Attention of High-Profile Founders, Investors, and Executives With These Tips

0
You may have several reasons for connecting with industry leaders, such as looking for new job opportunities, courting investors, selling their products, consultation, networking,...

Shiba Inu: The Rising Popularity of Dogecoin’s Spin-Off

0
Dogecoin, a crypto token that started as a joke, is now worth serious money. It is now challenged by an upstart, a puppy-themed competitor:...
ADVERTISEMENT