Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Mark Zuckerberg Donates $50 Million To An Indian Startup

Mark-Zuckerberg-Facebook

 

Facebook founder, Mark Zuckerberg and his wife Priscilla Chan have donated a whopping $50 million in an Indian education startup BYJU’s, along with LightSpeed Ventures and Times Internet,  according to Forbes. Last March, the Sequoia Capital and Sofina also donated a total of $75 million to the startup.

Founded in 2011 by Byju Raveendran, BYJU is an app that helps students in grades 4-12 to learn in an easy way on the go subjects including science and mathematics, physics, or biology independently. the app offers original content, watch-and-learn videos, animations and interactive simulations. Some of the content is offered free.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

At present, BYJU is  the largest ed-tech company in India. It’s been downloaded more than 5.5 million times. With over 250, 000 subscribers paying an annual subscription of $150 and adding 30, 000 users each month. Zuckerberg himself posted on Facebook that around 80 percent of parents who have children who use BYJU say that they saw a dramatic improvement in their learning.

 

 

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.