BYJU’S onboards new investors – edtech decacorn’s paid subscriber base jumps by a million in a month
- Indian edtech decacorn BYJU’S said that it has added BlackRock, Sands Capital, and Alkeon Capital as investors.
- While it now has 70 million students, it also has 4.5 million paid subscribers (up from 3.5 million in August).
- The latest investment is believed to be a part of the ongoing $500 million round led by Silver Lake.
AdvertisementIndian edtech decacorn BYJU’S said that it has added BlackRock, Sands Capital, and Alkeon Capital as investors.
Interestingly, BYJU’S latest user count and paid subscriber base have seen an uptick. While it now has 70 million students, it also has 4.5 million paid subscribers (up from 3.5 million in August, according to data shared by the company).
While the exact amount of investment in the latest round remains undisclosed, the latest investment is believed to be a part of the ongoing $500 million round, which was led by Silver Lake. The round will also see participation from BYJU’S existing investors General Atlantic, Owl Ventures, and Tiger Capital.
|Investment co.||Amount||Funding in 2020|
|Tiger Global||$200 million||January|
|General Atlantic||$200 million||February|
|DST Global||$122 million||August|
|Silver Lake`Additional investors: BlackRock, Sands Capital and Alkeon Capital||$500 million||September|
“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, and CEO in a statement.
The Raveendran-led startup, which recently acquired coding company White Hat Jr for $300 million, is also eyeing overseas expansion. BYJU’S and White Hat Jr are gearing up for launch in six new countries– UK, Australia, New Zealand, Singapore, and Germany.
Mukesh Ambani's Reliance Retail gets its second investment in two weeks – KKR invests ₹5,550 crore
Data shows why HUL Chairman is urging the government to spend more to boost consumption
- Compound Interest Waiver Scheme applies to everyone but provides limited relief — Here’s everything you need to know
- Best budget truly wireless earbuds in India
- India is the most attractive emerging market for clean energy investment, says Prime Minister Modi
- Tata Motors may report loss for yet another quarter led by weak JLR sales, commercial vehicles’ pain
- Supreme Court jumps in for Amazon and Flipkart after Karnataka High Court remains mum on investigation against their anti-competitive practices for over 200 days