Tencent invested $6m as educational app developer Byju's raised $31m to boost its overall funding to more than $820m.
India-based educational software provider Byju’s has received $31m in funding from internet group Tencent and growth equity firm Growth Atlantic, DealStreetAsia has reported, citing a regulatory filing seen by Paper.vc.
Tencent invested $6m while General Atlantic provided $25m, in a round that valued the company at about $5.4bn.
Byju’s has built a mobile app that helps primary and high school children learn, through a personalised offering. It has 33 million registered users, 2.2 million of which pay for annual subscriptions.
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