BYJU’S RAISES UNDISCLOSED AMOUNT FROM CHINA’S TENCENT

NEWDELHI: Byju’s, an online education startup, has raised an undisclosed amount from China’s Tencent Holdings Ltd. The latest round of funding will help Byju’s accelerate product development for new markets and create a capital pool for acquisitions, the company said on Tuesday. The announcement comes after an investment of $30 million from Brussels-based family office Verlinvest. “We are excited to have Tencent on board with us. This makes our investor portfolio even more diverse,” said Byju .