Mary Meeker’s Bond backs Indian online learning startup Byju’s

Indian online learning startup Byju’s has added one more high-profile name to the list of its backers: Bond.

In a statement on Friday, Bangalore-based Byju’s said it had raised an undisclosed amount from the VC fund co-founded by Mary Meeker. The one-year-old firm’s new check valued the Indian startup at $10.5 billion, according to a person familiar with the matter.

TechCrunch reported early last month that Byju’s was in talks with some investors to raise money at $10 billion valuation.

“Endorsed by millions of students, Byju’s has emerged as a clear leader in education technology,” said Mary Meeker, General Partner at BOND and author of the widely influential Internet Trends Report. “We are excited to support a visionary like Byju and his team in their quest to continue to innovate and shape the future of education.”

More to follow…