Byju's raises funds from Verlinvest

Online education start-up Byju's today said it has raised an undisclosed funding from Belgium-based investment firm Verlinvest.
The funds will be utilised to fuel Byju's international expansion and acquisition plans, it said in a statement.
"In the last 18 months, we have witnessed exponential growth in India. While these numbers are very exciting, there is a long way to go before we can call it a revolution. The fact that we are still reaching to less than 1 per cent of the student population, shows the immense potential and the impact we can create," Byju's founder and CEO Byju Raveendran said.

Commenting on the investment, Verlinvest Executive Director Nicholas Cator said,"We look forward to supporting the management team to expand to new markets and to further build the brand.