IFC to pick up minority stake in BYJU learning app

World Bank arm to invest $15 million in educational products company

Sequoia Capital, Times Internet and other VCs-backed Think & Learn Private Limited (BYJU) will raise $15 million from International Finance Corporation (IFC). Bengaluru-based BYJU offers its educational products in over 100 cities across India and parts of West Asia.

IFC will invest up to $15 million as part of BYJU’s ongoing fundraising round, with additional capital being provided by existing and other new investors. The company was founded in 2011 by Byju Raveendran with Riju Ravindran and Divya Gokulnath as other two partners. Its other investors  include Sequoia Capital, Sofina, Lightspeed Venture Partners, Times Internet, and Aarin Capital.