Exclusive: IFC to invest $15m equity in Indian edtech firm Byju's ongoing round

Exclusive: IFC to invest $15m equity in Indian edtech firm Byju's ongoing round

Byju’s founder Byju Raveendran

International Finance Corp, the private sector lending arm of World Bank, has proposed to invest up to $15 million equity in education technology firm Byju’s as part of the company’s ongoing fundraising round.

Existing and new investors are also providing additional capital in the round, said IFC in a disclosure. It added that the proposed investment is closely aligned to the World Bank Group’s strategy for private sector education in India.

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