BYJU’S RAISES UNDISCLOSED AMOUNT FROM CHINA’S TENCENT
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 .