Online education platform Byju’s, which has been on a fund-raising spree over the past year, has now roped in Verlinvest, a Belgian investment firm that has backed domestic companies like Sula Wines and Kishore Biyani’s Future Consumer.
Byju’s has picked up around Rs 200 crore from the private equity fund created by the founding families of AnheuserBusch InBev. The startup may look to extend the round by getting in other investors. Founder and CEO, Byju Raveendran, confirmed Verlinvest’s commitment to the company while speaking to TOI. He, however, did not specify the round size. The education platform may have been valued at Rs 4,500 crore, in this new series E round, sources said.
Raveendran said the company has been mopping up capital to expand globally and make acquisitions in new markets. For now Byju’s is only present in India but gets around 15% users from outside of the country. “Our aspiration is to become a large, global player. In keeping with our ambitions, we keep getting good amount of interest from large investors.” The Bengaluru-based company recently acquired a career guidance and academic profile builder Vidyartha.