BYJU'S raises funding from BlackRock, Sands Capital & Alkeon Capital
Existing investors General Atlantic, Owl Ventures and Tiger Global are also participating in this round
BYJU’S has announced that it has raised funding from BlackRock, Sands Capital and Alkeon Capital. Existing investors General Atlantic, Owl Ventures and Tiger Global are also participating in this round.
“We are excited to welcome Blackrock, Sands Capital and Alkeon as our partners. As we continue to create engaging and personalised learning solutions, partnerships like these reaffirm our commitment to build and transform the global learning landscape through technology, innovation and quality pedagogy. Continued support from our existing investors is a testament of their confidence in us and our mission” said Byju Raveendran, Founder & CEO.
BYJU’S has seen tremendous growth in the last few months. Since the lockdown, it has added over 25 million new students on its platform. Today, the app has over 70 million registered students and 4.5 million annual paid subscriptions.
BYJU’S has also introduced a comprehensive online tutoring program - BYJU’S Classes, to cater to the after-school learning needs of students. Learning programs in multiple vernacular languages like Hindi, Kannada, Bengali, Malayalam and Gujarati have been introduced during the lockdown too.
Last month, BYJU’S acquired WhiteHat Jr., a Mumbai based coding platform to expand their product offerings and reach across markets. With coding fast emerging as a key skill for the future, this integration will also accelerate BYJU’S international expansion plans.
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