BYJU’S, an edtech company with 150 million learners globally, announced it has raised $800 million from Sumeru Ventures, Vitruvian Partners and BlackRock.
Byju Raveendran, Founder & CEO of BYJU’S, is also part of the funding round and has made a personal investment of $400 million.
Byju Raveendran, Founder & CEO, BYJU’S, said, “We continue to deliver accelerated growth in India and international markets through both organic and inorganic initiatives. Our sustained focus is on achieving our long-term goals around creating lifelong value for our learners. As we advance this mission, we are imagining and reimagining the way students will learn, unlearn and relearn in the future. Our aspiration is to build something that will last for decades.”
Mike Risman, Managing Partner of Vitruvian Partners, said, “As a leader in the edtech space, BYJU’S strong growth and expansion in national and international markets has been very promising. We look forward to working with BYJU’S as it builds on and accelerates its compelling growth trajectory.”
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