The fundraising from Facebook founder Mark Zuckerberg’s Chan Zuckerberg Initiative, Sequoia Capital and others makes the firm the most well-capitalized education technology start-up in India. Photo: MintBengaluru: Education technology start-up Byju’s, owned by Think and Learn Pvt. This is the first Asian investment for Chan Zuckerberg Initiative, a personal fund set up by Facebook Inc. founder Mark Zuckerberg and his wife Priscilla Chan. Vivian Wu at Chan Zuckerberg Initiative will join the company’s board. Venture capital firms ploughed $583 million into India in the April-June period, down from $1.4 billion in January-March, said the report.

Source: Mint September 08, 2016 13:41 UTC