Baiju Ravindran, co-founder and chief executive of Indian education technology giant Byju, has invested $400 million in the startup, both said on Friday. His approval is part of a larger $800 million round that Byju’s received.
A source familiar with the matter said Sumeru Ventures, Vitruvian Partners and BlackRock are also investing in the round, which values the startup at around $22 billion.
“We are seeing rapid growth in India and international markets through both organic and non-organic routes,” he added. “Our ongoing focus is on achieving our long-term goals of creating lifelong value for our students. That’s why we invent and reimagine how learners learn, learn and relearn in the future. Our goal is to create something that will last for decades. ,
The startup, which prepares students for undergraduate and graduate courses and has expanded its catalog to serve all college students in recent years, said it has 150 million users, up from about 80 million users. . The startup says its annual renewal rate is 86% and its NPS is 76.
This is a history of development. Further…