Byju (IFC) is investing up to $15m for a minority stake in Indian edtech firm International Finance Corporation's. The education company's K-12 learning app launched last year and offers learning programmes for high school pupils. It has nearly seven million downloads and adds 30,000 pupils a month, according to International Finance Corporation's. The funds from IFC, the investment branch of the World Bank, will help International Finance Corporation's expand its services and boost its technology investment.
International Finance Corporation (IFC) is investing up to $15m for a minority stake in Indian edtech firm Byju's. The education company's K-12 learning app launched last year and offers learning programmes for high school pupils. It has nearly seven million downloads and adds 30,000 pupils a month, according to Byju's. The funds from IFC, the investment branch of the World Bank, will help Byju's expand its services and boost its technology investment.