India’s Byju’s raises $150 million to expand globally

INSUBCONTINENT EXCLUSIVE:
and some international markets.The unnamed financing round was led by Qatar Investment Authority (QIA), the sovereign wealth fund of the
State of Qatar, and included participation from Owl Ventures, a leading investor in education tech startups
has raised about $925 million to date, said it would use the fresh capital to aggressively explore and expand in international markets
The startup has previously said it plans to enter the U.S., U.K., Australia and New Zealand.It acquired Osmo, a U.S.-based learning startup
that is popular among kids aged between five and 12, for $120 million early this year
through its app where tutors use real-life objects such as pizza and cake
It also prepares students who are pursuing undergraduate and graduate-level courses
pension funds validates our strong business fundamentals
Bangalore-based Unacademy, which is aimed at students who are preparing for graduation-level courses
It raised $50 million last month.India has the largest population in the world in the age bracket of five to 24 years
generated around $205 million in revenue in the fiscal year that ended in March
It plans to increase that figure to more than $430 million this year
Raveendran has stated that the startup intends to go public in the next two to three years.