Education Employability and Entrepreneurship
Edtech sector set for giant leap
31 Mar 2021
Edtech leader Byju raising $460 million to reach a valuation
of more than $13 billion shows the momentum in the Indian edtech space. As part
of the series F round, this is the first funding for the
Bengaluru-headquartered firm this year. Byju had raised more than $1 billion
last year as Covid pandemic led to the surge in the user base. Led by MC Global
Edtech Investment Holdings LP with participation from Facebook co-founder Eduardo
Saverin's B Capital, this round of capital infusion reflects strong investors'
appetite for edtech players in India.
The full article was originally published on The Hans India