Sources byju 1b capital 200m 300mraibloomberg
BYJU’s, the Indian edtech company, has raised $200 million in a funding round led by New York-based investment firm 1B Capital. The latest funding round values the company at $12 billion, making it one of the most valuable edtech companies in the world. Additionally, BYJU’s founders and early investors have sold $300 million worth of shares to existing investors, including General Atlantic and Tiger Global. The new funding will be used to expand Sources byju 1b capital 200m 300mraibloomberg product offerings and to fuel its international expansion plans. The company has already made significant inroads into the US market, where it acquired educational gaming company Osmo for $120 million in 2019. BYJU’s is also eyeing expansion into other English-speaking markets, including the UK and Australia.
BYJU’s: A Leader in Indian Edtech
Founded in 2011 by Byju Raveendran, BYJU’s has also become a leader in Indian edtech, offering a range of online learning products for students from kindergarten to grade 12. The company has seen explosive growth in recent years, with its user base growing from 40 million in 2019 to over 100 million today. BYJU’s has also expanded its product offerings beyond traditional academic subjects, offering courses in coding, music, and more. One of the keys to BYJU’s success has been its ability to adapt to changing market conditions. When the COVID-19 pandemic forced schools to close across India, BYJU’s quickly pivoted to offer free access to its platform to students and teachers. This move helped the company to gain even more users and cement its position as a leader in Indian edtech.
The latest funding round and share sale are a testament to BYJU’s success and potential for growth. With its strong user base and expanding product offerings, the company well-positioned to continue its expansion into new markets and to become a global leader in edtech.