Byju Raises $75M for International Test Prep App

BYJU, a startup based in Bengaluru, India, has raised $75 million from Sequoia Capital and Sofina, according to LiveMint. Founded in 2011 by Byju Raveendran, the company makes an app that delivers video lessons for standardized exams in several countries. It plans to use the funding to improve its content delivery, develop new products recruit more staff. The company is also eyeing new markets—the US and the UK especially—as potential targets of expansion beyond India and the Middle East. LiveMint also writes that this investment deal is worth more than all of 2015's investment in Indian edtech combined.

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