Byju, a Bangalore, India-based edtech company, raised $75m in venture capital funding.
Backers included Sequoia Capital and Sofina.
The company intends to use the funds for product development, hiring of new people and launch in new markets.
Led by Byju Raveendran, Founder andf CEO, Byju is a provider of supplemental school curriculum classes offering classroom & learning tablet courses for classes 6-12 (Maths and Science) /JEE / AIPMT, CAT, GRE, GMAT and IAS/UPSC.
The company recently launched a mobile app downloaded 2.5m and with over 120,000 paid annual subscribers.