BENGALURU: Chan Zuckerberg Initiative, a foundation started by Facebook founder Mark Zuckerberg and wife Priscilla Chan, is leading a new round of $50 million in education technology company Byju's . "Education can give young people and their families a path to a better future, and families in India work hard to give their children that chance. Byju's targets students from classes 4-12 (K-12) and those taking competitive exams like JEE, NEET, CAT, IAS, GRE and GMAT.The app called Byju's Learning App is growing at 15% month-on-month and has crossed 5.5 million downloads. "We are really excited to welcome an investment from Chan-Zuckerberg Initiative into BYJU, as the company continues on its mission of empowering everyone who aspires to learn. Together, the platforms will enable greater reach for a high quality product developed by a great team."

Source: Economic Times September 08, 2016 13:18 UTC