Knowledge
EdTech start-up Byju’s raises $30 million from Brussels-based Verlinvest for business expansion
Verlinvest is coming in at a higher valuation than the last round, at about $600 million
Education technology startup Byju’s (Think and Learn Pvt. Ltd) has raised about $30 million from Brussels-based family office Verlinvest, in a move that will give the company significant firepower to expand business.
Verlinvest, founded in 1995, manages assets of over €1.4 billion, according to its website. The firm has invested in consumer companies in sectors such as digital and e-commerce, food and beverages, retail and hospitality and education.
Byju’s founder Byju Raveendran said, "Our partnership with Verlinvest will further boost our aspiration to change the way students learn across the globe… 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".
Byju’s confirmed the development, but did not comment on the quantum of funds and valuation.
This EdTech snippet is based on a story published here