Indian unicorn Byju's raises cash from Mary Meeker's venture fund

Edtech company has over 57m registered users and 3.5m paid subscribers

The Byju's education app has seen strong growth in users and paid subscribers over the past year, the company says, drawing a number of well-known venture-fund backers.

PRAMUGDHA MAMGAIN, DealStreetAsia

June 28, 2020 15:33 JST

NEW DELHI -- Mary Meeker, a well-known investor who backed high-profile tech companies, including Twitter and Facebook in their startup days, and now runs the U.S.-based technology specialist Bond Capital, has invested an undisclosed amount in Indian edtech unicorn Byju's, the fund announced Friday.

The move is Bond Capital's first investment in India. According to media reports, the latest funding, which is likely to be under $100 million, values Bangalore-based Think and Learn, the parent company of Byju's, at about $10.5 billion.