Company Name : BYJU’s
Funding Amount : $75 million
Investor(s) Sequoia India, Sofina
Funding Round : Not Disclosed
BYJU’s has secured $75 million from Sequoia India and Belgian investor Sofina. The newly raised funds will be used to add more products in its app and also for international expansion.
The startup plans to focus in English speaking areas including USA and UK.
Founded in 2011, BYJU’s helps students from classes 6 to 12 prepare for competitive exams through videos and interactive sessions.
The startup launched its app six months ago and has got 3.5 million downloads. The company has also expanded its team by more than 600 people in the last two months.
Raveendran, founder and CEO of BYJU’s, said, “India has the largest K12 education system in the world, but we consistently rank low in all global assessments. We started BYJU’s as a mission to address these learning gaps – to make learning fun and engaging by making it contextual, visual and not just theoretical. Learning is currently driven by the fear of exams, and not the love for learning. We are excited to see the popularity of the app among students and the way it has made them fall in love with learning. We are especially excited by our new content that will significantly increase student engagement in a way that has never been done before.”