Think and Learn Pvt. Ltd (known as BYJU’s – The Learning App) has raised $50 million financing from Chan Zuckerberg Initiative, and its existing investors Sequoia Capital, Sofina, Lightspeed Ventures and Times Internet
Avendus Capital was the exclusive financial advisor for this transaction.
BYJU’s
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.
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