Owl Ventures, a Silicon Valley-based venture capital firm that has invested in Indian companies such as Byju’s and Leap, has raised more than $1 billion in new funds, including $640 million for its fifth fund.
Other funds closed by the edtech-focused firm include $270 million for its second Opportunity Fund and more than $100 million in special purpose vehicles, according to a statement issued by Owl Venture on Friday.
The global rise of education technology has been contributed by various factors including blended learning, remote work, the rise of direct-to-consumer models, enterprise learning and skilling, and the emergence of artificial intelligence (AI)-enabled learning, it noted
The statement specifically highlighted its investment in Byju’s. “Owl Ventures’ unique insights into the global edtech market opportunity are highlighted by their investment in and relationship with Byju’s, the most valuable edtech company in the world and the most valuable startup in India,” it said.
Get to know the pulses of the Indian startup ecosystem in reality by attending “INDIA FIRST TECH STARTUP CONCLAVE & AWARDS’22-Delhi Chapter” organized by the All India Council for robotics and automation, supported by the Ministry of electronics and information technology.
The event is scheduled to be held on the 17th and 18th of February 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department’s representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches and business practitioners.
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Click to know more about India’s biggest tech startup event: https://www.aicra.org/events/delhi/index.php