BYJU, the world’s greatest edtech organization that provides extremely adaptable, immersive, and active learning opportunities for learners, has confirmed that it has raised $250 million in new financing from established financiers as the Indian edtech giant attempts to traverse the downturn in the economy that has forced the company to reschedule its initial public offering and lay off thousands of workers.
With over 150 million authorized members worldwide, 7.5 million yearly paid subscriptions, and a presence in 120 nations, BYJU’S has consistently been at the forefront of delivering tech-driven and interactive education experiences for students from all over the globe.
Byju’s announced on October 17th that it has established $250 million in new financing from established funders as the Indian edtech behemoth attempts to maneuver the market crash that has forced the company to delay its initial public offering and lay off thousands of staff. According to a person with knowledge of the matter, the extra investment valued the Bengaluru-based startup at $22 billion, the same amount at which it reared a financing round in March of this year. The business, India’s most valuable technology company, declined to elaborate on the capitalization but did confirm that Qatar’s sovereign finance, Qatar Investment Authority, decided to participate in the round. It did not name any other funders.
BYJU’S overview
BYJU’S is India’s leading ed-tech startup and the producer of the nation’s most popular classroom learning app. Byju’s, originally formed in 2015, promises truly customized and holistic curriculums for students in elementary school 1 through 12 (K-12), as well as individuals gearing up for public exams such as JEE, IAS, and many others. With 50 million people registered and 3.5 million registered subscribers, BYJU’s has erupted to become one of the world’s most well-known global development portals. Since the debut of its eponymous learning app in 2015, BYJU’S has been revolutionizing experiential learning and pioneering new educational strategies by combining world-class methodology with cutting-edge innovation. Hybrid teaching, “physical” training, participatory and individualized techniques, and diverse educational forms are examples.
What makes them different?
Their specialty is in delivering independent learning for all types of learners. The BYJU method of instruction provides learners with a foundation for knowledge, engagement, and excitement about carving their unique routes to explore the globe. BYJU’S – The Learning App combines together the best educators, innovation, materials, and entertainment to provide each and every learner with a streamlined, world-class educational experience.
Previous Fundings
BYJU’S has received $5.8 billion in financing in 27 rounds. Their most recent funding came from a Borrowed Funds round on October 27, 2022. 58 investors have contributed to the success of BYJU’S. The most subsequent stockholders are Aakash Educational Services and Qatar Investment Agency. BYJU’S has acquired 16 businesses. GeoGebra was their most recent addition, which occurred on December 8, 2021.
Conclusion
BYJU has confirmed that it has raised $250 million in new financing from established financiers. The Indian edtech giant attempts to traverse the downturn in the economy. BYJU’s successful round of funding is a testament to the potential of edtech, and serves as an example of how companies can successfully raise money in these difficult economic times. The company has proven that its innovative approach to education continues to be attractive to investors and will hopefully help them weather the storm and remain a leader in the field for many years to come. It is clear that BYJU’s commitment to providing students with meaningful learning opportunities will continue even through this challenging time, cementing their place as one of the premier edtech organizations worldwide.
BYJU’S is India’s leading ed-tech startup and the producer of the nation’s most popular classroom learning app.
BYJU’S has consistently been at the forefront of delivering tech-driven and interactive education experiences for students from all over the globe.
BYJU’S was officially established in 2015.
BYJU’S has received $5.8 billion in investment over the course of 27 phases.
GeoGebra was their most recent addition, which occurred on December 8, 2021.
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