BYJU’S onboards new investors – edtech decacorn’s paid subscriber base jumps by a million in a month

• Indian edtech decacorn BYJU’S said that it has added BlackRock, Sands Capital, and Alkeon Capital as investors.
• While it now has 70 million students, it also has 4.5 million paid subscribers (up from 3.5 million in August).
• The latest investment is believed to be a part of the ongoing $500 million round led by Silver Lake.

Indian edtech decacorn BYJU’S said that it has added BlackRock, Sands Capital, and Alkeon Capital as investors.

Interestingly, BYJU’S latest user count and paid subscriber base have seen an uptick. While it now has 70 million students, it also has 4.5 million paid subscribers (up from 3.5 million in August, according to data shared by the company).

While the exact amount of investment in the latest round remains undisclosed, the latest investment is believed to be a part of the ongoing $500 million round, which was led by Silver Lake. The round will also see participation from BYJU’S existing investors General Atlantic, Owl Ventures, and Tiger Capital.

Investment co.	Amount	Funding in 2020
Tiger Global	$200 million	January
General Atlantic	$200 million	February
BOND	$23 million	June
DST Global	$122 million	August
Silver Lake` Additional investors: BlackRock, Sands Capital and Alkeon Capital	$500 million	September

“As we continue to create engaging and personalised learning solutions, partnerships like these reaffirm our commitment to build and transform the global learning landscape through technology, innovation, and quality pedagogy. Continued support from our existing investors is a testament of their confidence in us and our mission,” said Byju Raveendran, Founder, and CEO in a statement.

The Raveendran-led startup, which recently acquired coding company White Hat Jr for $300 million, is also eyeing overseas expansion. BYJU’S and White Hat Jr are gearing up for launch in six new countries– UK, Australia, New Zealand, Singapore, and Germany.

SEE ALSO:

Mukesh Ambani's Reliance Retail gets its second investment in two weeks – KKR invests ₹5,550 crore

Data shows why HUL Chairman is urging the government to spend more to boost consumption