Qatar Investment Authority (QIA) invested US $150 million in BYJU’S, an ed-tech company based in India popular for their learning app. The start-up also received investment from Owl Ventures, their first ever investment in an Indian start up. This is not the first time that QIA has invested in Indian companies.
This new round will support BYJU’S’ aggressive plans of international market expansion and creation of world-class learning products for students across the globe. These investments from QIA and Owl Ventures will boost innovation in tech-enabled learning space.
Byju Raveendran, Founder and CEO of BYJU’S – The Learning App, said they are happy to have strong partners like QIA and Owl Ventures on board.
High adoption and 85% annual renewal from small towns and cities show increasing acceptance of digital learning as a primary tool for learning at home. This partnership will support and strengthen our vision of creating and delivering personalised learning experiences to students. This will help us explore and leverage our expertise in creating immersive tech-enabled learning programmes for students in smaller cities, regions and newer markets.’
BYJU’S is positioned at the intersection of technology, media and content in education – a good example of a product company out of India with a business model that combines fast growth at scale with profitability.
QIA CEO Mansoor Al Mahmoud said the investment underscores their strong commitment to the education sector and their focus on investing in leading innovators in the technology, media and telecom (TMT) industry globally.
BYJU’S offers learning programmes for students in classes 1 to 12 in India. The company recently launched a whole new learning experience for younger children in classes 1 to 3 with Disney BYJU’S Early Learn App. Transforming the offline to an online learning experience, BYJU’S has also acquired Osmo, a Palo Alto-based education game-making company.