NiYO claims to serve around 1 million users, and is targeting 5 million users in next three years.
The company will use the funds to focus on building the team, improving its recommendation engine, and scaling the community across India.
Gupta will replace Mahesh Narayanan, who was the country manager for India for brief period from January-June 2019.
Till date, Bounce has raised more than $92 million in funding.
The AI-powered healthcare platform connects individuals to doctors online,
Avail Finance has already raised $9 million in the Series A round led by Matrix Partners.
This allocation is a part of the $600 million OYO had committed last year to its China business.
The combined entity, with employee strength of 14,302, will have a loan book size of ₹1.23 lakh crore.
It plans to use the funds to expand its deep tech capabilities, its customer success teams and presence in high-potential markets across Asia.
Byju’s said it has almost tripled its total revenue to ₹1,430 crore (nearly $205 million) for the year ended March 2019.
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