India-based edtech start-up Byju’s has raised an estimated $30m in funding from Belgian venture firm Verlinvest. Byju’s, which uses technology and data science to offer personalised learning to around 8 million students across Bangalore and the Middle East, previously won backing from investors including the Chan Zuckerberg Initiative and Lightspeed Ventures. The new funds will be used to expand into the USA, UK, South Africa and other African and Commonwealth markets, as well as to further acquisition plans.
Bangalore-based edtech start-up Byju’s has raised an estimated $30m in funding from Belgian venture firm Verlinvest. Byju’s, which uses technology and data science to offer personalised learning to around 8 million students across India and the Middle East, previously won backing from investors including the Chan Zuckerberg Initiative and Lightspeed Ventures. The new funds will be used to expand into the USA, UK, South Africa and other African and Commonwealth markets, as well as to further acquisition plans.