Indian Education Startup ‘Byju’ Backed by Mark Zuckerberg’s Foundation

Indian lead education company that teaches Math and Science like subjects on mobile application ‘Byju’ has raised $50 million from the Chan-Zuckerberg Initiative (CZI) and four other venture capital partners to go further with their plan of expansion of becoming global.

The total amount that was raised by is $50 million in which 4 other companies are also have part in this big amount. These companies are Sequoia Capital, Belgian investment firm Sofina SA, Lightspeed Venture Partners and Times Internet Ltd.

This is the 1st Asian investment by the Chan Zuckerberg Initiative and 2nd investment from Mark Zukerberg under the name of Chan Zukerberg Initiative (CZI). Byju have made total of $75 million by the March last year in series C from Sequoia Capital and Sofina.

“We will deploy the fund to fuel international expansion and inspire additional funding from leading companied the world over,” also “This investment was done keeping a couple of things in mind, primarily to get a good partner on board who can help us connect with the international market. We have already started developing products for the international markets. It will take us 12-15 months to complete,” said Raveendram, founder of Byju’s.

"I'm optimistic about personalized learning and the difference it can make for students everywhere," Zuckerberg said on his Facebook page. Raveendram also added “In India, we are profitable already. Last month, we did more than Rs30 crore in revenue and we are growing about 15% every month. In January, we were doing Rs15 crore in revenue and we have already doubled it. This year, growth will be better than last year.”

You may be interested

A 7 year Old Applied to Google by Writing a Letter to CEO Sundar Pichai
Entertainment
0 shares47 views
Entertainment
0 shares47 views

A 7 year Old Applied to Google by Writing a Letter to CEO Sundar Pichai

moondela - Mar 29, 2017

She swims, she is sharp, she is good at sum and reading and like computer too, who is she? Hint: She want to work in Google. Yes…

Signs Shows That Your Company Doesn’t Respect Their Employee
Business
0 shares44 views
Business
0 shares44 views

Signs Shows That Your Company Doesn’t Respect Their Employee

moondela - Mar 29, 2017

There are many reason people leave there job but one of the common reason exist is that when they feel unappreciated, or underrated. There was a time…

A Self-Taught Law ‘Stupid’ Sued Richard Branson’s Virgin Active Gym
Life Style
0 shares48 views
Life Style
0 shares48 views

A Self-Taught Law ‘Stupid’ Sued Richard Branson’s Virgin Active Gym

moondela - Mar 29, 2017

A Brit-Indian Autistic man named Ketan Agarwal has done something that no one can think of. As per Daily Mail Report in May 2015 he was attending…

Most from this category