Think and Learn Pvt. Ltd (known as BYJU’s – The Learning App) has raised $ 75 million financing. The Series C round was led by Sofina and Sequoia Capital, an existing investor.
Avendus Capital was the exclusive financial advisor for this transaction.
BYJU’s
BYJU’s is India’s leading learning app and aims to democratize learning by bringing quality education to millions of students across the country. BYJU’s learning approach combines worldclass teachers, proven pedagogical methods, data sciences and machine learning to deliver personalized instruction, feedback and assessment for each student. The app will also provide significant new ways to collaboratively learn, from mentors and from each other in the coming months.
Since its launch six months ago, the learning app has already seen phenomenal engagement, with 2.5 million downloads and more than 120,000 paid annual subscribers. The latest funding will allow BYJU’s to deliver content in a radically new format, aggressively expand its product pipeline, launch into new markets, and continue to build its world class pool of talent to meet the surge in demand for their offering. The company has expanded its team by more than 600 people over the last two months.
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