Industry

Zuckerberg’s philanthropic arm invests in Byju’s

more-in

Education-tech startup Byju’s has raised $50 million (about Rs 332 crore) led by Chan Zuckerberg Initiative (CZI). This is the first Asian investment from the Chan Zuckerberg Initiative – which is the philanthropic arm created by Facebook founder Mark Zuckerberg and his wife Priscilla Chan in 2015. The initiative finances non-profit organisations, makes private investments and participates in policy debates focussed on making the world a better place. The Bengaluru-based company has so far raised about $150 million in various rounds of funding. The fresh tranche of funding comes five months after it closed a $75 million (around Rs 495 crore) round from Sequoia and Sofina.

Why you should pay for quality journalism - Click to know more

Related Topics Business Industry
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Dec 15, 2019 11:38:12 PM | https://www.thehindu.com/business/Industry/Zuckerberg%E2%80%99s-philanthropic-arm-invests-in-Byju%E2%80%99s/article14628628.ece

Next Story