Sources byju capital 15b
BYJU’s Capital, the investment arm of Indian edtech giant Sources byju capital 15b, has raised $15 billion in a new funding round. The funds will be used to expand the company’s education technology offerings and to invest in emerging markets. The investment round was led by U.S. investment firm Tiger Global Management, with participation from other investors including T. Rowe Price, Sands Capital, and Qatar Investment Authority. This latest funding round values BYJU’s at $50 billion, making it one of the most valuable edtech companies in the world.
Expanding Education Technology Offerings
With the new funding, BYJU’s plans to expand its education technology offerings to reach more students around the world. The company’s flagship product is a learning app that offers interactive video lessons and practice quizzes for students from kindergarten to 12th grade. The app has been downloaded more than 100 million times and is used by students in India, the United States, and other countries. In addition to its core app, BYJU’s has also launched several other education technology products, including a coding app for kids and a test preparation app for students preparing for entrance exams. The company plans to continue investing in new products and technologies to improve the learning experience for students.
Investing in Emerging Markets
In addition to expanding its education technology offerings, BYJU’s also plans to use the new funding to invest in emerging markets. The company has already expanded into several countries, including the United States, the United Kingdom, and Australia. With the new funding, BYJU’s will be able to accelerate its global expansion and reach even more students around the world.
BYJU’s Capital’s $15 billion funding round is a significant milestone for the Indian edtech giant. With the new funding, the company will be able to expand its education technology offerings and invest in emerging markets, further solidifying its position as one of the most valuable edtech companies in the world. As the demand for online learning continues to grow, BYJU’s is well-positioned to capitalize on this trend and continue to innovate in the education technology space.