Sources byju capital 15b 200m
Sources byju capital 15b 200m, the venture capital arm of Indian edtech giant BYJU’S, has raised $200 million to invest in edtech startups. The funding round was led by US-based investment firm General Atlantic, with participation from Owl Ventures, a leading investor in edtech startups. The investment comes at a time when the edtech sector is experiencing a surge in demand due to the COVID-19 pandemic. With schools and universities closed around the world, students are turning to online learning platforms to continue their education.
BYJU’S Capital plans to use the funds to invest in early-stage edtech startups. That are focused on creating innovative solutions for students and teachers. The company will also look for opportunities to invest in companies that are developing technologies that can enhance the learning experience. In a statement, BYJU’S founder and CEO, Byju Raveendran, said, “We are excited to partner with General Atlantic and Owl Ventures as we continue to build a world-class edtech ecosystem. This investment will help us support the growth of innovative startups that are transforming the way students learn.”
The Future of Edtech
The edtech sector has been growing rapidly in recent years, but the COVID-19 pandemic has accelerated its growth even further. With schools and universities closed, students are turning to online learning platforms to continue their education. According to a report by HolonIQ, the global edtech market expected to reach $252 billion by 2020. This represents a significant opportunity for investors who are looking to capitalize on the growth of the sector.
BYJU’S Capital’s latest funding round is a clear indication that investors are bullish on the future of edtech. With the COVID-19 pandemic driving demand for online learning platforms. There is a significant opportunity for edtech startups to grow and innovate. With the support of investors like General Atlantic and Owl Ventures, BYJU’S Capital well-positioned to help drive this growth. And support the development of innovative solutions for students and teachers.