Ltd) has acquired global education company Pearson Plc.’s TutorVista and Edurite for an undisclosed amount, in a move aimed at expanding global reach as well as offerings for students. “Edurite and TutorVista are pioneer brands in their respective spaces and enjoy great customer goodwill. The company raised about $75 million from Sequoia Capital and Belgian family office Sofina in March 2016. In December, the company raised another $15 million from World Bank arm International Finance Corp.Byju’s also raised an undisclosed amount in venture debt from InnoVen Capital. The content and teaching mechanism popularized by Byju’s would thus get a powerful channel through Tutorvista to the international market.

Source: Mint July 03, 2017 15:03 UTC