Byju’s gets $31 million from General Atlantic, Tencent

Byju's, Indian ed-tech startup, has raised around $31 million or Rs 215 crore from its existing investors General Atlantic and Tencent Holdings at a valuation of over $5 billion. The company’s filings show that General Atlantic has subscribed to 15,187 compulsorily convertible cumulative preference shares (CCCPS) at a premium of Rs 1,14,060 per share for about $25 million (Rs 173.24 crore)
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Online tutoring platform Vedantu raises $11m led by Omidyar Network

Vedantu, an online tutoring platform, has raised $11 million in a Series B funding round led by Omidyar Network, the company’s co-founder, Vamsi Krishna, said in an interview. The funds will be used for technology expansion and deeper penetration in tier 2 and 3 cities. Accel Partners, an existing investor, also participated in the round. Vedantu, which means ‘knowledge network,’ is
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Ed-tech Startup Schoolguru Raises $3M

Mumbai-based Startup Schoolguru Eduserve Pvt. Ltd has secured $3-million in Series A round of funding from HNI. The startup enables universities to launch, run, and manage ICT-enabled and online programmers on its platform. Founded in 2012, Schoolguru is planning to associate with 25-30 Indian Universities across all the major states.
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