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.
UK Ministers, Shadow Cabinet leaders, diplomats, business chiefs come together for India Global Forum’s grand Diwali Reception in London Read… Read More
At the India Global Forum’s (IGF) grand Diwali reception in London this week, UK Home Secretary Suella Braverman focussed her message of… Read More
Home Secretary Suella Braverman has said the UK is eager to secure a trade deal with India to boost both… Read More
Chandrasekhar also attended a session on the Future of Digital at the India Global Forum where he spoke on the… Read More
India Global Forum’s glittering awards ceremony with Guest of Honour, UK Chancellor Rishi Sunak, to mark the culmination of a… Read More
The UK government on Wednesday announced 75 fully-funded scholarships for Indian students to study in the UK, beginning September 2022,… Read More