UditByju’s which is an education tech startup, has now secured $150 Million in the fresh funding round led by the Qatar Government Sovereign wealth fund and Qatar Investment Authority. The investment round also saw participation from the Owl Ventures.
The funding is a part of the Byju’s ongoing series G fundraise which even saw the existing investor General Atlantic pour to be around $25 Million into the company valuation of around $5.4 Billion in the month of March.
The Bangalore based film revealed that the new round will now be going to support its plan to expand into the international markets and create products that cater to the learners around. The company has also revealed its Disney Byju’ss Early Learn app in collaboration with the Disney for K-3 students which has been aimed at markets such as Australia, UK, and USA.
“Indian ed-tech firms attracting interest from eminent investors demonstrates that India is pioneering the digital learning space globally,” said Byju Raveendran, founder, and CEO of Byju’s. “This will help us explore and leverage our expertise in creating immersive tech-enabled learning programs for students in smaller cities, regions and newer markets.”
“With the world’s largest school-age population of 260 million, India’s education sector is at an inflection point. BYJU’S has been at the forefront of providing quality auxiliary education to new-age learners,” said Amit Patel, Managing Director at Owl Ventures.
Source: BYJU’S