Indian unicorn Byju's raises cash from Mary Meeker's venture fund

published 28.06.2020 08:33

by Staff Writer from asia.nikkei.com

NEW DELHI -- Mary Meeker, a well-known investor who backed high-profile tech companies, including Twitter and Facebook in their startup days, and now runs the U.S.-based technology specialist Bond Capital, has invested an undisclosed amount in Indian edtech unicorn Byju's, the fund announced Friday.

"Endorsed by millions of students, Byju's has emerged as a clear leader in education technology," said Meeker.

Meeker, a former partner at Silicon Valley venture firm Kleiner Perkins, last year launched Bond Capital, a $1.25 billion growth investment fund that seeks to invest in later-stage startups.

In the past year, Byju's says it has seen tremendous growth and now has over 57 million registered students, more than 3.5 million paid subscribers and annual renewal rates as high as 85%.

Other Byju's backers include the Qatar Investment Authority, Owl Ventures, Lightspeed India Partners, Aarin Capital, and Sequoia Capital India.