The Qatar Investment Authority, a fund owned by the same-name Middle Eastern country, has invested $250 million in Byju’s, a K-12 teaching app provider based in Bangalore, India, an individual familiar with the affair reported to EdSurge.
Byju’s services, founded in 2008, focused first on video-based tutorials and online quizzes covering India’s core academic topics and certification exams. The company launched a mobile app in 2015, claiming that over 30 million students are now using it, including 2 million paying subscribers.
Byju raised $100 million in October before raising another $540 million two months later. It purchased educational games vendor Osmo in January. Byju’s have raised at least $1.1 billion to date, according to Crunchbase.