General Atlantic re-ups in India’s Byju’s

In a LinkedIn post linked to a TechCrunch report, the company said General Atlantic had committed $200 million to an ongoing funding round at a valuation of $8 billion. Other media reports indicate the investment to be between $150-200 million. 

The deal comes a few weeks after Tiger Global contributed $300 million to the edtech start-up. Previous investors have included Tencent Holdings, Naspers Ventures, Sequoia Capital India, and the Chan Zuckerberg Initiative. General Atlantic has backed Bjyu's several times in recent years.

“General Atlantic has been one of our strongest partners and this additional investment shows their confidence in our vision, growth and future. We are happy to see an ever-increasing acceptance for our learning programs in small towns across the country. Today, over 65% of our students are from outside the top 10 cities,” said Byju Raveendran (pictured), Byju’s founder, in a statement.

The company has unveiled plans to make its offering of educational videos and quizzes available in regional languages, especially in locations outside India’s metropolitan hubs. This follows a move to offer services for younger learners aged 6-8. Byju's claims to have 42 million registered users with three million paid subscribers, charging $200-300 for a 12-month subscription. Its longer-term plans include targeting foreign markets.

In India, General Atlantic has also invested in Nobroker, a real estate marketplace, and Kfin Tech, a provider of investor and issuer services, in recent months.  

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