Published On: Thu, Oct 20th, 2016

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.

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.

 

 

 

Read more about: , , , , ,

Wordpress site Developed by Fixing WordPress Problems