bengaluru qatar investment authority qia the sovereign wealth fund of the middle east country has led a 150million rs 1028crore round in online education startup byjus owl ventures an educationfocused investor based in the us has also joined this financing round making byjus its first india investment according to a person aware of the terms of the transaction byjus is now valued at around 57 billion continuing its position as indias fourthmost valued private internet companyearlier in march toi reported byjus had received a smaller tranche of capital 25 million from general atlantic at a valuation of 54 billion over the last 18 months it has seen the valuation steadily moving northwards as it attracts interest from a diverse set of latestage investors the sevenyearold company was valued at 36 billion in december last year when it raised capital from naspers ventures the investment arm of the south african media giant and canadian pension fund cppib the company was valued at 1 billion at the start of 2018 investment from prominent sovereign and pension funds validates our strong business fundamentals indian edtech firms attracting interest from eminent investors demonstrates that india is pioneering the digital learning space globally high adoption and 85 annual renewal from small towns and cities shows the increasing acceptance of digital learning as a primary tool for learning at home said byjus founder and ceo byju raveendran he added the new investment will help it cater to smaller towns and enter new marketsbyjus said it has tripled its revenue to rs 1430 crore in the financial year ending 2019 in the current financial year it is aiming to clock a revenue of rs 3000 crore in january byjus had announced the acquisition of the usbased osmo for 120 million which is helping it to cater to a set of younger students it is targeting the latest round in byjus comes at a time when the bengalurubased startup is expanding into overseas markets while it has also forayed into a new segment targeting younger kids from kindergarten to class 3 typically it has been focusing on students in classes 1 to 12 in indiaedtech is in such a space where technology can make a lot of changes but beyond just the technology aspect byjus has managed to scale up quickly and execute well at that scale this high scale has been a big win for the company with investors to attract capital said kpmg india partner and head education narayanan ramaswamy