BENGALURU: Byju’s, the edtech startup, has raised an undisclosed funding from Belgium based venture firm Verlinvest. The money will be used for fuelling international expansion and acquisition plans.
“In the last 18 months, we have witnessed exponential growth in India. While these numbers are very exciting, there is a long way to go before we can call it a revolution. The fact that we are still reaching to less than 1% of the student population, shows the immense potential and the impact we can create,” said Byju Raveendran, CEO, Byju’s.
People familiar with the development place the deal at $30 million at a valuation of $ 676 million (approx. Rs 4500 crores).
The Bengaluru based startup, which already has presence in the Indian and…
