Indian online learning startup Byju’s has added one more high-profile name to the list of its backers: Bond.
In a statement on Friday, Bangalore-based Byju’s said it had raised an undisclosed amount from the VC fund co-founded by Mary Meeker. The one-year-old firm’s new check valued the Indian startup at $10.5 billion, according to a person familiar with the matter.
TechCrunch reported early last month that Byju’s was in talks with some investors to raise money at $10 billion valuation.
“Endorsed by millions of students, Byju’s has emerged as a clear leader in education technology,” said Mary Meeker, General Partner at BOND and author of the widely influential Internet Trends Report. “We are excited to support a visionary like Byju and his team in their quest to continue to innovate and shape the future of education.”
More to follow…
Written by Manish Singh
This news first appeared on https://techcrunch.com/2020/06/25/mary-meekers-bond-invests-in-indian-online-learning-giant-byjus/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 under the title “Mary Meeker’s Bond backs Indian online learning startup Byju’s”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
