Byju Raised $75million from Sequoia Capital & Sofina
By raising $75 million Byju has becomes one of the biggest education startup to receive high funding. The company will work ahead to make the platform more effective and helpful for users.
Byju raised $75million and has become of the biggest fund raising education startup in India. Byju is an education startup that provides learning solution from secondary school. From Class VI to Class VII. It helps a comprehensive platform for students to prepare for examination. Byju learning app was launched last year and has more than 2.5 million downloads.
This shows the app’s popularity among the users. The latest funding will help Byju to improvise its platform and making it a lot bigger. With the funding the startup has planned to simply improve its content delivery networking. This will help Byju to extend its pipeline in different market as well.
According to the CEO and founder of Byju, it is going to utilize the funding mostly in product development to add more information on various subjects. The app also offer solutions for IAS, CAT, GMAT, GRE &IIT-JEE. Founded by Byju Raveendran in the year 2011, this Bengaluru based learning startup is useful in preparation for various competitive exams.
The startup raised funds from Sequonia, a venture capital firm and Sofina a Belgian investment firm. Having a good funding impacts startup future future on big scale. It also let key players to generate a valuable goodwill in the market. Byju will expand its platform by adding more and more syllabus so that students from various sections can take benefit. Education based startups faces hurdles in expansion as the ROI mostly rely on the subscription based model.
- Byju is an education startup that offer comprehensive platform for students studying in Class VI to Class VII with IAS, CAT, GMAT, GRE & IIT-JEE
- The startup has raised $75million (approx. 500crore).
- Byju is going to extend its product line with the raised funding.