MUMBAI (NewsRise) -- An ambitious Indian startup that is using technology to supplement classroom teaching is drawing investment from major names as it plans to go global. Wednesday, Byju's said it has raised an undisclosed amount from Chinese Internet giant Tencent Holdings, just four months after receiving funds from Belgium's Verlinvest, an investment holding firm.
Tencent's infusion values Byju's at 50 billion rupees ($777 million), according to a person familiar with the matter. In all, the startup, which offers online tutorials, has received funds worth more than $200 million so far, according to estimates.
