Byju’s and Qatar Investment Authority (QIA) have partnered to launch a new edtech business and research and development centre in Doha, a joint statement said. The new subsidiary in Doha will drive research and innovation to create learning solutions specially customised for students in the Middle East and North Africa (MENA) region.

Byju’s said that it had signed a Memorandum of Understanding (MoU) with the QIA to set up a subsidiary of Byju’s in Doha. “The business will introduce Byju’s personalised and innovative learning offerings for students in the MENA region and set up a research and development centre in Doha,” it added.

• HDFC Bank Shares Climb 3% on Strong Q1 Update
• Overnight Stock Market Movements: Key Developments 
• Stocks Under F&O Ban 
• Indian Hume Pipe Soars 9% on Rs 738 Cr Rajasthan Order
• Max Estates Jumps 6% as Q1 Pre-Sales Surges 5x

“Since 2019, QIA has been a key investor in Byju’s and has noticed the company’s accelerated growth into India’s most valuable startup and the world’s most valued company in the edtech sector,” the statement said. Byju Raveendran, Founder and CEO of Byju’s, said, “As we continue to witness accelerated growth in Indian and international markets, we are excited to partner with QIA in this next phase of expansion, development and building innovations in the MENA region. Together, we expect to achieve stronger development outcomes”.