Indian Edtech unicorn Byju’s on June 10 made the announcement about its $150 million funding round led by Qatar Investment Authority and Owl Ventures (an investor in edtech).
The latest funding has made the edtech unicorn value over $5 billion and it will be utilising the fresh funds for global expansion and creating immersive tech-enabled programmes for students in smaller cities, regions and newer markets.
“Investment from prominent sovereign and pension funds validates our strong business fundamentals. Indian ed-tech firms attracting interest from eminent investors demonstrates that India is pioneering the digital learning space globally.”
– Byju Raveendran – Founder, Byju’s
The Qatar Investment Authority earlier this year made a gigantic investment in Airtel Africa Ltd. (a subsidiary of Bharti Airtel Ltd.) and seeing a lot of investment opportunities in India.
“This investment underscores Qatar Investment Authority’s strong commitment to the education sector and our focus on investing in leading innovators in the TMT (technology, media and telecom) industry globally.”
– Mansoor Al-Mahmoud – CEO, Qatar Investment Authority