Byju’s confirms investment from Qatar Investment Authority, raises $150 mn

Online tutoring start-up Byju’s on Wednesday said it had raised $150 million from Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar. QIA is an investor in Airtel and real estate developer RMZ Corp, and has a small stake in Flipkart.

Business Standard was the first to report the deal on June 17. The transection values Byju’s at $5.7 billion, according to sources.

In a statement, the company said the round was joined by Owl Ventures, a Silicon Valley-based venture capital fund focussed on online education companies. This is Owl Ventures’s first investment in India.