Bangalore-based digital education startup Byju’s on Tuesday announced a new round of funding from China’s Tencent Holdings Limited (Tencent).
Started in 2008, as a coaching initiative for CAT aspirants by math enthusiast Byju Raveendran, the company’s foray into digital education in last few years has attracted global investors including Chan Zuckerberg Initiative, IFC and Innoven Capital.
Tencent offers services include QQ for communications in China and Qzone for social networking. An investment could mean a possible partnership by Byju with Tencent for a China market entry.
It has raised over USD 200 million in last four years (excluding this round), the highest ever by an ed-tech startup in India.