Announced
Completed
Financials
Sources
Tags
Acquisition
Minority
Single Bidder
Private Equity
Education Services
education courses
India
Private
Completed
Friendly
Synopsis
Bond, a global technology investment firm, completed an investment in Byju’s, an online learning startup, at a valuation of $10.5bn. With the fresh capital, Byju's is set to hire around 4k employees in the next six months as demand for its online courses skyrocketed since the lockdown in March. “We have the opportunity to positively influence how teachers teach, students learn and school’s function. The ‘Classrooms of Tomorrow’ will have technology at the core, empowering students to cross over from passive to active learning. The result will be a combination of the best of both online and offline educational offerings," Byju Raveendran, Byju’s Founder and CEO.
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