 "Byju Raveendran")
Bengaluru-based online tutoring firm BYJU’s has raised an undisclosed amount of funding from Chinese internet behemoth Tencent, as it eyes inorganic growth through acquisitions in India’s fast growing edtech space. BYJU’s says it will utilise the capital to accelerate product development and enter new markets, apart from acquiring companies.
“With increased brand awareness and strong adoption amongst students, this year we expect the revenue to double again and we will be profitable on a full year basis. This round of funding will help us leverage our expertise in creating highly effective tech-enabled learning programs,” said Byju Raveendran, Founder and chief
