Avendus Capital Advises Byju’s on It’s Fund-Raise From Chan Zuckerberg Initiative and Existing Investors.

BYJU’s is India’s leading learning app and makes use of original content, graphics and other video tools to explain concepts and theories that makes learning contextual and visual, not just theoretical. It leverages technology and data science to make learning personalized so that the students will know what to learn, when to learn, how to learn, how much to learn, and how fast to learn. The company is growing at 15% month-onmonth and has crossed 5.5 million downloads. The application has 250,000 annual paid subscribers, having added 30,000 paid students last month.

The immediate focus for Byju's is to expand its user base in India, even as it starts building out product for international expansion. The company already has presence in the Indian and Middle East markets is looking to expand to the USA, UK, South Africa and other African and Commonwealth markets.

Headquartered in Menlo Park, Chan Zuckerberg Initiative was launched by Facebook founder and CEO Mark Zuckerberg and Dr. Priscilla Chan. Chan Zuckerberg Initiative is solely focussed on two ideas: advancing human potential and promoting equality, partnering with companies working towards personalized learning, curing disease, connecting people and building strong communities 

Headquartered in Menlo Park, Sequoia Capital partners with companies across all sectors and stages of growth. Their other focus geographies are USA, China and Israel. Its investments in India include Zomato, Practo, Ola Cabs, Micromax, Cardekho, Craftsvilla among others.

Sofina is a European, family controlled, Investment Company headquartered in Brussels. Sofina supports entrepreneurs and families managing growing companies. Its other investments in India include Practo, FreeCharge, Flipkart, Myntra and Hector Beverages.

Headquartered in Menlo Park, Lightspeed Venture Partners invests in companies across enterprise and consumer sectors. Their focus geographies are USA, India and Israel. Its other investments in India include Oyo Rooms, Craftsvilla, FreshMenu, LimeRoad among others.

Headquartered in Gurgaon, Times Internet is the digital arm of Bennett Coleman, India’s largest and most diversified media group. Times Internet partners with companies across multiple sectors. Its other investments in India include Cricbuzz, Delhivery, Culture Machine, Voonik, CouponDunia among others.