Byju's raises $50 Mn from IIFL, other investors

What's the news?

Byju's has raised $50 Mn in its Series F funding round from investors. According to regulatory filings, the amount was raised from IIFL and Maitri Edtech. IIFL invested $35 Mn, while Maitri Edtech invested $15 Mn. Most of the capital raised will drive Byju's acquisition plans.

More to know

The company has over 95 Mn registered students on its app, according to a recent press statement. Earlier this month, it announced a partnership with Google to promote continuity of online learning for both teachers and students.

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