BYJU'S operator Think & Learn raises funds from General Atlantic, Tencent
11 March 2019 1:12 AM GMT
General Atlantic and Tencent have together invested between Rs 75 crore and Rs 80 crore in Think & Learn, owner and operator of BYJU'S Learning.
- General Atlantic has invested between Rs 31.32 crore and Rs 34.53 crore in Think & Learn, the owner and operator of edtech platform BYJU'S Learning, according to filings with the Registrar of Companies.
- Media reports added that Chinese conglomerate Tencent had also invested in BYJU'S, taking the total investment in the edtech platform to between Rs 75 crore and Rs 80 crore.
- General Atlantic is a New York-headquartered equity firm that provides capital and strategic support to help companies grow.
- According to the filings with the RoC, General Atlantic acquired 4,016 Series F Compulsory Convertible Cumulative Preference Shares.