Byju’s, an Indian online educational services provider, has closed $150 million in its fresh equity financing round.
Qatar Investment Authority led the funding round with participation from Owl Ventures and Sovereign Wealth Funds.
With the new capital raised, Byju’s will back its plans for international market expansion and create highly innovative and engaging learning products for students around the world.
In the fiscal year 2018 to 2019, Byju’s, which has raised a total of $969.8 million in over eleven funding rounds, tripled its revenue to $209.1 million.