Bengaluru-based education technology startup, Byju’s, continues raising funding for its current investment round. 

The startup’s online learning-focused platform provides a variety of educational content, including the startup’s mobile app, online tutoring services, personalized services and test preparation, among others. With the newest ongoing investment round, the startup is currently worth approximately $11.1 billion, Economic Times reported. 

Byju’s was founded by Byju Raveendran and Divya Gokulnath in 2011. The startup’s mobile app has seen over 64 million downloads so far.

The newest investors in the round include BlackRock, Sands Capital, and Alkeon Capital. 

“As we continue to create engaging and personalised learning solutions, partnerships like these reaffirm our commitment to build and transform the global learning landscape through technology, innovation and quality pedagogy,” Raveendran said via a statement. 

With over 70 million users registered so far, Byju’s has also developed a presence internationally, in over 1700 cities. 

Other investors who have already participated in the ongoing funding round include General Atlantic, Owl Ventures and Tiger Global. The round is being led by Silicon Valley-based venture capital firm, Silver Lake. 

The startup has also recently acquired Andheri-based WhiteHat Jr., and education startup with an online platform with content focused on teaching coding skills to school-aged children. 

(Picture courtesy: Deccan Herald)