HomeNewsEdu-tech startup BYJU'S scores $200 million in funding from General Atlantic

Edu-tech startup BYJU’S scores $200 million in funding from General Atlantic

Reader's Pick

India-based online education startup BYJU’S has raised undisclosed funding from its existing investor General Atlantic.

But, according to the media sources, “The investment from General Atlantic was of $200 million (approx Rs 1,420 crores) and it was the part of the company’s ongoing investment round. Which earlier saw the same amount of investment from the Tiger Global too.”

Founded by Byju Raveendran, BYJU’s is an online education platform that provides learning programs for students in classes 1st to 12th. Till-to-date the company has 42 million registered users and over 3 million paid subscribers with total spending of 71 minutes of daily-video watching on its platform.

In a statement made by Byju Raveendran, Founder & CEO of BYJU’S, he said, “General Atlantic has been one of our strongest partners and this additional investment shows their confidence in our vision, growth, and future. We are happy to see an ever-increasing acceptance for our learning programs in small towns across the country.”

- Advertisement -

“This is a validation of how technology can make high-quality learning content more accessible to students, irrespective of their geographies. As it has a lot of potentials to further innovate, and how the learning can be made personalized and impactful,” he added.

The company in its filing said that “The company has tripled its revenue from Rs 520 crore to Rs 1,480 crore in FY18-19, and is on the track to double its revenue to Rs 3,000 crore in the current financial year.”


Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.


Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Google joins Progcap $40 million funding round

Progcap, a New Delhi-based fintech platform for small and mid-size businesses (...

Ampere Electric to setup e-mobility manufacturing plant in Tamil Nadu

Electric Mobility Company Ampere Electric has announced a phased investment pot...

COVID-19: Amazon India partners with Acko General Insurance to offer free health insurance to sellers

India's leading e-commerce company Amazon India on Wednesday announced its part...