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…
Founder and CEO of WhiteHat Jr, Karan Bajaj, has quit the company a year after it was acquired by edtech major Byju’s. The development was announced by Byju Raveendran, Founder and CEO of Byju’s, in an email to employees. “Having more than exceeded all our mutually outlined goals for the first year, Karan is now…
India’s edtech major Byju’s is acquiring Aakash Educational Services Ltd. in an estimated $950-million cash-and-stock deal, according to ET report. “Post the transaction, Blackstone Group and Aakash Institute’s founders will hold a minority stake in Byju’s at a valuation of about $13 billion, founder Byju Raveendran said. “We will integrate Aakash’s expertise in test prep…
BYJU’S, India’s e-learning platform, announced it has raised funding from BlackRock, Sands Capital, and Alkeon Capital. However, the company did not disclose financial details. Existing investors General Atlantic, Owl Ventures, and Tiger Global also participated in the funding round, BYJU’S said in a statement. Earlier this month, BYJU’S had raised funds from Silver Lake along…
Edtech unicorn Byju’s announced the acquisition of LabInApp, a startup that offers lab-like simulations for science students on a mobile app. Founded by engineering graduates Girish Shirigannavar, Pavan Shinde, Pramod Ramdurg and Vinayak Hulabutti, LabInApp is on a mission to revolutionize science learning through 3-dimensional virtual laboratory. Its platform is built on real time computer…
Byju’s announced that it has raised $500 million in a new financing round led by Silver Lake at a $10.8 billion valuation, reports TechCrunch. Existing investors Tiger Global, General Atlantic and Owl Ventures also participated in the new financing round, India’s second most valuable startup Byju’s said in a statement. “We are excited to welcome…
Byju’s, the Bengaluru-based online educational services provider that offers technology based education platforms for primary and secondary school subjects, overseas and domestic test preparation courses, engineering and medicine announced that it has raised $122 million from tech billionaire Yuri Milner’s investment fund DST Global. Byju’s has allotted 42,666 Series F preference shares to DST Global…
Think and Learn, which owns and operates education technology platform Byju’s – The Learning App, announced that it has acquired Mumbai-based WhiteHat Jr in a $300 million all-cash transaction. Founded in 2018 by Karan Bajaj, WhiteHat Jr is a Live online 1:1 platform that connects kids age 5-12 to top early childhood coding teachers. WhiteHat…
The online learning platforms have lately been witnessing a massive surge in users due to the government imposed nationwide lockdown. Since the New Delhi called for a nationwide lockdown, physical learning taking place in classrooms of colleges, schools or coaching institutes have come to a halt. While schools are having a tough time to connect…
Edtech start-up BYJU’S recently announced that it has raised additional funding from existing investor General Atlantic. While the company didn’t mention the exact amount of funding, sources familiar with the development have said that it’s close to $200mn at a valuation of $8bn. The announcement comes weeks after Tiger Global invested $200mn in the startup.…