Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 30 2017

​Byju’s raises $30 million from Brussels-based Verlinvest

Byju’s plans to expand globally, especially in the US and UK, introduce new subjects beyond physics, chemistry, biology and mathematics

Education technology start-up Byju’s (Think and Learn Pvt. Ltd) has raised about $30 million from Brussels-based family office Verlinvest, in a move that will give the company significant firepower to expand business, the sources revealed.

One of the source said, "Verlinvest is coming in at a higher valuation than the last round, at about $600 million. Byju’s is one of the few education technology start-ups to have scaled significantly in the last 18 months, which has helped the company stoke interest in global investment firms."

In a statment Byju Raveendran, founder, Byju's, said, "Our partnership with Verlinvest will further boost our aspiration to change the way students learn across the globe. In the last 18 months, we have witnessed exponential growth in India. While these numbers are very exciting, there is a long way to go before we can call it a revolution. The fact that we are still reaching to less than 1% of the student population, shows the immense potential and the impact we can create."

Byju’s also raised an undisclosed amount in venture debt from InnoVen Capital.

Byju’s plans to expand globally, especially in the US and UK, introduce new subjects beyond physics, chemistry, biology and mathematics as well as roll out products for classes IV and V, Raveendran said in an interview.

Comment
image
Related opportunities
  • Others Food Service
    About Us: Grubbery is a resto cafe, combination of patisserie and..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Building architecture
    MSpace is a leading importer, distributor and supplier of leading edge..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Ethnic Stores
    About Us: Franchise Partners  InvitedWomen’s Desired& Exclusive Ethnic Wear Bra..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Gyms and Fitness Centres
    About Us: Trugym is an innovative gym operator from the UK...
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities