Qatar Investment Authority invests 225 million pesos

Juggernaut keeps rolling on BYJU. It may be one of the world's largest investments in edtech (also!) But Qatar's sovereign wealth fund Qatar Investment Authority invests $ 250 million in BYJU to buy minority shareholders Did. The rating has not been published.

Development takes place when BYJU is trying to strengthen its international expansion. The company plans to make educational applications available in the United States, the United Kingdom, New Zealand, and Australia from July to September.

QIA has almost started investment and will not. Before that, the only major investment in the QIA portfolio is that in Flipkart. The investment took place over 10 years ago, in 2014. Similarly, we were quite active in investing in listed companies in India. The latest talk on investing in the Qatar Investment Authority (QIA) was Airtel, India's largest telecommunications company. The deal size was about $ 2 billion.

These investors' investments, and such large-scale investments, are now made quite often at BYJU. The company closed $ 400 million last year with a speculative valuation of over $ 4 billion. The tour was then held in March this year by General Atlantic and Tencent with less than $ 11 million.

Last June, BYJU announced that the company's monthly income reached 100 rupees, and raised its annual income target for this year to 1,400 rupees. The company claims to be one of the few profitable monopolists in the country. There is no data published to support this.

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