BYJU’S has unveiled that it has received funds of $150 million from Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. This round also includes the participation from Owl Ventures, a leading investor in education technology and this is their first-ever investment in an Indian startup.
This new round will support BYJU’S’ aggressive plans of international market expansion and the creation of world-class learning products for students across the globe. This first-ever primary investment from QIA and Owl Ventures in India will aim at boosting innovation in the tech-enabled learning space.
The Learning App, in a statement, said, “Investment from prominent sovereign and pension funds validates our strong business fundamentals. Indian ed-tech firms attracting interest from eminent investors demonstrates that India is pioneering the digital learning space globally. High adoption and 85% annual renewal from small towns and cities shows the increasing acceptance of digital learning as a primary tool for learning at home.”
This will help us explore and leverage our expertise in creating immersive tech-enabled learning programs for students in smaller cities, regions and newer markets.