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Byju’s Learning secures $50M from Chan Zuckerberg Initiative & others

Bangalore-based education tech startup Byju’s Learning has raised $50 million from the Chan Zuckerberg Initiative (CZI), Sequoia Capital, Sofina, Lightspeed Ventures & Times Internet*. With the fresh funding, Byju’s Learning plans to expand internationally within the next year. Note that the company had previously raised $75 million from Sequoia Capital and Sofina in March this year. It had said then that it would expand its product offerings. The startup, which was founded in 2008 by Byju Raveendran, offers animated video lessons, online tests with feedback, and a customizable testing/learning module along with an Android and iOS app. It currently offers lessons for students from standard 6 to 12 as well as for CAT, IAS, GRE, and GMAT aspirants. Currently, the company claims that its mobile app has seen over 5.5 million downloads, and around 250,000 paid annual subscribers. Operating in…

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