Mark Zuckerberg’s philanthropy arm, the Chan Zuckerberg Initiative, is making an investment in India-based startup Byju’s. The education startup offers personalized learning and assessment services to students.
Apart from the Chan Zuckerberg Initiative, Sequoia Capital, and existing backers Sofina, Lightspeed Ventures, and Times Internet Ltd participated in the $50 million investment round. This marks the first investment from Chan Zuckerberg Initiative, formed last year, in the Asian market.
Founded in 2011, Byju’s provides mats and science learning programs for middle and high school students. In addition, the startup also prepares students for some of the most sought after educational competitive exams in the country such as JEE, CAT, IAS, and GMAT among others. It has raised about $150 million so far …
Via: Mashable: Startups