ZUOYEBANG, (which literally means “homework help” in Chinese), has raised $60 million in a Series B round led by GGV Capital and Xianghe Capital (founded by former Baidu executives). Existing investors Sequoia Capital and Legend Capital also participated.
The Beijing-based startup, launched in 2014, offers an online platform where K-12 students can get homework help (by snapping and sharing photos of problems), find teachers for tutoring sessions, and connect with peers and parents. Already claiming more than 175 million users, Zuoyebang plans to use the funding to support R&D efforts and is keenly eyeing overseas expansion. More details from TechNode.