Qatar Investment Authority Invests $150 Million in Byju’s to Boost India’s Tech-enabled Learning Space
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Bengaluru-based ed-tech company Byju’s on Wednesday declared that it’s received Associate in Nursing investment of $150 million, junction rectifier by Qatar Investment Authority (QIA) – the sovereign wealth fund of Qatar.
This new spherical would support Byjus’ aggressive plans of international market growthand creation of foremost learning merchandisefor college kids across the world. This first-ever primary investment from QIA and hooterVentures in Asian country can aim at boosting innovation within the tech-enabled learning house, the corporate aforementioned in an exceedingly statement.
“We area unit happy to own sturdy partners like QIA and hooter Ventures on board with U.S.A.. Investment from distinguished sovereign and pension funds validates our sturdy business fundamentals. Asian countryn ed-tech corporations attracting interest from eminent investors demonstrates that India is pioneering the digital learning house globally,” aforementioned Byju Raveendran, Founder and business executive, Byju’s.
“High adoption and eighty five per cent annual renewal from little cities and cities shows the increasing acceptance of digital learning as a primary tool for learning reception. This partnership can support and strengthen our vision of making and delivering individualisedlearning experiences to students