BYJU’S, an Indian startup that offers online test-prep and study materials, has notched an undisclosed investment from Tencent, the Chinese internet juggernaut and developer of popular apps such as WeChat. The company had raised more than $200 million before this round. Inc42 reports this cash will be used to “accelerate product development for new markets and enable inorganic growth through acquisitions.” (Byju’s acquired two companies—Tutorvista and Edurite—from Pearson earlier this year.)
It’s the latest big-name backer for Byju’s, which was founded in 2011 and now claims more than 9 million students. The company already counts the Chan Zuckerberg Initiative, Sequoia Capital, and Sofina (a Belgium fun) among its investors.
