Mary Meeker’s fund invests in India edtech startup BYJU’s !!

 Bangalore: BYJU’S – The Learning App is the common brand name for Think and Learn Private Ltd., a Indian educational technology (edtech) and online tutoring firm founded in 2011 by Byju Raveendran at Bangalore. In March 2019, it was the world’s most valued edtech company at $5.4 billion (Rs 37,000 crore).  Byju’s has claimed on 27 May 2020 that they have gained Rs. 2,800cr revenue in FY20.

In July 2019, BYJU’s won the sponsorship rights for the Indian cricket team jersey, replacing its former sponsor Oppo,  Shah Rukh Khan is the brand ambassador for BYJU’S.

Mary Meeker’s venture capital fund Bond Capital has backed online education startup BYJU’s, marking its first investment in India.The startup, which simplifies math and science concepts for K-12 students through games and videos, has seen tremendous growth over the past year. That has further accelerated with coronavirus lockdowns shutting schools and prompting parents, teachers and students to seek out online resources.

BYJU’s has over 57 million registered students and more than 3.5 million paid subscribers, and has doubled revenues from 28 billion rupees ($370 million) in the last financial year. BYJU’s is “endorsed by millions of students” and is a clear leader in education technology, Meeker, a general partner at Bond, said in a funding announcement. Existing investors include Facebook founder Mark Zuckerberg’s Chan Zuckerberg Initiative and Sequoia Capital.