Edtech Startup BYJU’s Secures $50 Million From Chan Zuckerberg Initiative

BYJU’s has secured $50 million in a funding round co-led by the Chan Zuckerberg Initiative, a personal fund set up by Facebook founder Mark Zuckerberg and his wife Priscilla Chan, and existing investor Sequoia Capital. Belgian investment firm Sofina, Lightspeed Ventures and Times Internet Ltd also participated in the latest round of funding.

The startup plans to use the funds to expand into global markets, especially in the US and UK, introduce new subjects beyond physics, chemistry, biology and mathematics.

Founded in 2011 by teacher and entrepreneur named Byju Raveendran, BYJU’s helps students from classes 6 to 12 prepare for competitive exams through videos and interactive sessions.