Edtech major BYJU’S on announces that it has basgged $250 million from its existing investors in a fresh round of funding. To capitalise on synergies, the company has consolidated all of its K10 India subsidiaries into a single unit.
Byju Raveendran, Founder and CEO of BYJU’S, said, “BYJU’S is now at that sweet spot of its growth story where the unit economics and the economies of scale both are in its favour. This means the capital that we now invest in our business will result in profitable growth and create sustainable social impact.”
However, Aakash Education and Great Learning, respectively into test-prep and upskilling, will continue to operate as stand-alone independent firms.
The platform said that it intends to venture into overseas market. The edtech firm have already become one of India’s most popular consumer brands. The platform is planning to make its inside sales more efficient and efficent consumer-centric lead conversions.
The platform claims to have over 250 active BTCs across India and the company aims to scale it up to 500 centres by the end of this financial year.
Categories: Other News
Leave a ReplyCancel reply