BYJU'S raises funds from tech investment firm BOND


New Delhi: Edu-tech major BYJU'S on Friday said it has raised funds from global technology investment firm BOND.

The company however did not disclose the amount raised or the valuation.

In February, BYJU'S raised about $200 million in funding from General Atlantic. At that time, sources had said the company was valued at about USD 8.2 billion.

BYJU'S - which has raised well over $1.3 billion - had also announced raising funds from Tiger Global Management in January.

"This partnership (with BOND) is a testament to the role that BYJU'S is playing in helping students learn better by customizing our platform to their abilities. It also demonstrates the rising global interest in education technology as digital learning becomes increasingly accepted and embraced," BYJU'S founder and CEO Byju Raveendran said in a statement.

In response to schools being shut down due to COVID-19, BYJU'S has made content on its learning app free for all students, and has also introduced live classes to further student engagement, the company said.

BYJU'S has over 57 million registered students, more than 3.5 million paid subscribers and annual renewal rate of 85 per cent. BYJU'S doubled its revenue from Rs 1,430 crore to Rs 2,800 crore in 2019-20.

The comments posted here/below/in the given space are not on behalf of Onmanorama. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.