Byju’s is in talks with Private Equity group TPG to raise $250-$300 million. Last month, the company received funding from Tiger Global and QIA (Qatar Investment Authority). Recently, Byju’s took a loan from Aakash Educational Services Limited (AESL), its subsidiary. It is said that the investments will be part of a $400-$500 million round.
Byju’s, India, was founded by Byju Raveendran and Divya Gokulnath in 2011. They started by making video learning programs for students. Byju’s is an Indian leading company focused on educational technologies. It provides personalized learning programs for students of K-12, LKG, and UKG, as well as for exams such as JEE, NEET, and IAS. Moreover, Byju’s is a school learning app developer. In 2015 the company entered Deloitte Technology Fast 50 India and Deloitte Technology Fast 500, Asia Pacific. Then, in the same year, the Byju App was launched. Due to the pandemic, the company was able to accelerate its growth and bought Aakash and Great Learning. The company claims that has more than 150 million users as of now.