Wednesday, November 6

Tag: Chan Zuckerberg

BYJUs Raises $50 mn From Chan-Zuckerberg Initiative and Others
FUNDING

BYJUs Raises $50 mn From Chan-Zuckerberg Initiative and Others

Online education start-up BYJUs has raised USD 50 million (about USD 332.3 crore) from a clutch of investors, led by Chan Zuckerberg Initiative (CZI) and Sequoia Capital. Other participants in the series D funding included Sofina, Lightspeed Ventures and Times Internet Ltd. The new round, which comes within months of a USD 75 million fund raise from Sequoia Capital and Sofina, will be deployed to fuel international expansion in countries like the US and the UK. It already has a presence in the Middle East. This is the first investment of CZI, which was founded by Facebook founder Mark Zuckerberg and his wife Priscilla Chan, in Asia. "The Chan Zuckerberg Initiative supports innovative models of learning wherever they are around the world," said CZIs Vivian Wu, who will join BYJ...