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Posted On: 11 July 2019 10:07 am

Qatar Investment Authority leads $ 150 million investment from India

Arvin Garcia
Arvin Garcia
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Qatar Investment Authority (QIA) has led a $150 Million investment in BYJUS, the world's most valuable ed-tech company and the creator of Indias most loved learning app.

The investment round also includes the participation from Owl Ventures, a leading investor in education technology and this is their first-ever investment in an Indian start-up.

Chief Executive of Qatar Investment Authority Mansoor Al Mahmoud said in a statement that this investment underlines the strong commitment of Qatar Investment Authority to the education sector and its focus on investing in the world's leading innovators in the technology, media and communications industry (TMT).

Founder and CEO of BYJUS-The Learning App, Byju Raveendran, said, "We are happy to have strong partners like QIA and Owl Ventures on board with us. Investment from prominent sovereign and pension funds validates our strong business fundamentals. Indian ed-tech firms attracting interest from eminent investors demonstrates that India is pioneering the digital learning space globally."

Managing Director of Owl Ventures Amit Patel, said: "With the worlds largest school-age population of 260 million, Indias education sector is at an inflection point. BYJUS has been at the forefront of providing quality auxiliary education to new-age learners. This new partnership with BYJUS reinforces our commitment to creating the best and most unique learning journeys for every student."

BYJUS offers learning programs for students in classes 1 to 12 in India. Recently, the company launched a whole new learning experience for younger children in classes 1-3 with Disney BYJUS Early Learn App, transforming the offline to an online learning experience. BYJUS has also acquired Osmo, a Palo Alto-based education game making company.

Source: QNA