Owl Ventures also participated in this round
BYJU’S was last valued at $ 5Bn in March and has raised over $819.8 Mn funding till now
This is the second big investment by QIA in an Indian company
Bengaluru-based edtech unicorn BYJU’S has raised $150 Mn from Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA). This round also includes the participation from edtech investment firm Owl Ventures, who has first time invested in an Indian startup.
BYJU’S will use this funding for international expansion and tailoring its product for a global audience. Byju Raveendran, founder and CEO, BYJU’S, said, “This partnership will support and strengthen our vision of creating and delivering personalised learning experiences to students. 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.”