ETtech Deals Digest: Byju’s $1-bn funding, Amazon’s $250-mn India fund
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Last Updated: Apr 16, 2021, 08:26 PM IST
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In this week s ETtech Deals Digest, India’s biggest edtech startup cannot stop raising funds, and the world’s largest online retailer cannot stop wooing small businesses in India.
ETtech
(Illustration: Rahul Awasthi/ETtech)
In this week s ETtech Deals Digest, India’s biggest edtech startup cannot stop raising funds, and the world’s largest online retailer cannot stop wooing small businesses in India.
Byju s $1-billion funding round
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Byju’shas raised over $1 billion from investors led by Baron Funds, Facebook co-founder Eduardo Saverin’s B Capital Group, and US-based investment hedge fund XN Exponent Holding, according to the company s regulatory filings.
The round closed at $1.1m and was led by Ludus Venture Studio.
The new platform aims to enable independent studios and developers to publish games and compete alongside global incumbents in the region. It will focus on casual and hypercasual genres.
Jambox also plans to create a toolkit that will integrate analytics, monetisation and user acquisition so that developers can focus on creating games with ease. It will also include features to help developers manage user retention and revenue.
The company hopes to launch the platform in India, Vietnam and Indonesia, with plans to expand into Thailand, Malaysia and the Philippines.
Jambox Games raises $1 1 mn for next-generation competitive game publishing platform asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.