Mary Meeker’s Bond Capital invests in BYJU’S
The latest investment is likely to take BYJU’S valuation to $10.5 billion.
Gurugram based digital lending platform Aye Finance raised $27.5 million in Series E round of funding led by CapitalG, Alphabet’s independent growth fund. The funding round also saw participation from the company’s existing investors LGT Lightstone, Falcon Edge Capital, A91 Partners and MAJ Invest.
The latest funding comes after Tiger Global had ploughed $200 million in BYJU’S valuing the firm at about $8 billion in January this year.
Byju Raveendran, Founder and CEO, BYJU’S, said: “This partnership (with Bond) is a testament to the role that BYJU’S is playing in helping students learn better by customising our platform to their abilities. It also demonstrates the rising global interest in education , technology as digital learning becomes increasingly accepted and embraced.”
Meeker, also known as the writer of the influential ‘Internet Trends’ report, had co-founded Bond Capital last year.
“Endorsed by millions of students, BYJU’s has emerged as a clear leader in education technology,” said Meeker, General Partner, Bond Capital.