Sequoia India, Sofina invest $75 mn in Byju’s

BANGALORE: BYJU, an educational app for Indian schoolkids, plans to create new learning formats and products after raising $75 million from Sequoia India and Sofina.

The company, which has now raised a total of $90 million, was founded as an online education platform in 2011 and launched its app six months ago.

BYJU claims it has already been downloaded 2.5 million times so far and now has more than 120,000 paid annual subscribers. Courses are aimed at students in grades six to 12, supplementing their regular classwork and preparing them for major exams.

The company will use the funds to expand its product pipeline, launch into new markets and increase its staff strength, it said in a statement.