Qatar Investment Authority (QIA) leads a $150 million investment round in BYJU’S
Bengaluru, 10th July 2019 — BYJU’S, the world's most valuable ed-tech company and the creator of India’s most loved learning app, announced today that it has received an investment of $150 million led by Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar. This round also includes the participation from Owl Ventures, a leading investor in education technology and this is their first-ever investment in an Indian start-up.
This new round will support BYJU’S’ aggressive plans of international market expansion and the creation of world-class learning products for students across the globe.
Byju Raveendran, Founder & CEO, BYJU’S - The Learning App, said, “We are happy to have strong partners like QIA and Owl Ventures on board with us. Investment from prominent sovereign and pension funds validates our strong business fundamentals. Indian ed-tech firms attracting interest from eminent investors demonstrates that India is pioneering the digital learning space globally.
He further added, “High adoption and 85% annual renewal from small towns and cities shows the 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 programs for students in smaller cities, regions and newer markets.”
BYJU’S is positioned as a leader at the intersection of technology, media and content in education. It is a good example of a product company out of India with a business model that combines fast growth at scale with profitability.
“This investment underscores QIA’s strong commitment to the education sector and our focus on investing in leading innovators in the TMT industry globally,” Mansoor Al-Mahmoud, CEO of QIA, stated.
Amit Patel, Managing Director, Owl Ventures, said, “With the world’s largest school-age population of 260 million, India’s education sector is at an inflection point. BYJU’S has been at the forefront of providing quality auxiliary education to new-age learners. This new partnership with BYJU’S reinforces our commitment to creating the best and most unique learning journeys for every student.”
BYJU’S offers learning programs for students in classes 1 to 12 in India. Recently, the company launched a whole new learning experience for younger children in classes 1-3 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. With increased brand awareness and strong adoption amongst students, BYJU’S tripled its revenue to INR 1430 crore in FY 18-19 and also turned profitable on a full-year basis. BYJU’S has already crossed INR 200 crore in monthly revenue and is estimating revenue of over INR 3000 crore this year.
About BYJU’S (Think & Learn Pvt Ltd)
BYJU’S is the world's most valuable ed-tech company and the creator of India’s most loved school learning app which offers highly adaptive, engaging and effective learning programs for students in classes 1 -12 (K-12) and competitive exams like JEE, NEET, CAT and IAS.
BYJU'S - The Learning App, the flagship product for classes 4-12 was launched in 2015. Today, the app has over 35 million registered students and 2.4 million annual paid subscriptions. With an average time of 71 minutes being spent by a student on the app every day from 1700+ cities, the app is creating a whole new way of learning through visual lessons. is encouraging students to become self-initiated learners.
The Disney. BYJU'S Early Learn App was launched in June 2019, a special offering from BYJU'S in collaboration of Disney India for students in classes 1-3. In early 2019, BYJU'S also acquired Osmo, a Palo Alto based maker of educational games to transform the whole offline to online learning experience.
Delivering a world-class learning experience, programs from BYJU’S is making learning contextual and visual. The apps have been designed to adapt to the unique learning style of every student, as per the pace, size and style of learning. BYJU'S is paving the way for new-age, geography-agnostic learning tools that sit at the cross section of mobile, interactive content and personalised learning methodologies. To know more about the company, please download the apps (Available in Play Store & App store) or visit us at https://byjus.com/
About Qatar Investment Authority (QIA) -
Qatar Investment Authority is a leading Sovereign Wealth Fund in the world that offers economic strength for the future generations of Qatar. We are a major contributor to realizing the Qatar National Vision of 2030, by seeking to diversify and maximize long-term investments and sustainable growth. With our global and stakeholders commitment, our employees, nationals and internationals, we operate at the highest financial standards and investment principles. Our investments are socially, economically, and environmentally responsible, that looks beyond short-term returns, as we pursue a broader, innovative, and balanced development. www.qia.qa