Abu Dhabi’s state state-owned ADQ is one of the investors participating in the latest funding round by India’s education technology firm Byju’s.
The edtech giant raised about $350 million from investors that also include UBS Group, Zoom founder Eric Yuan and Blackstone, the Economic Times reported.
The latest funding valued Byju at around $16.5 billion post investment, making it the most-valued start-up in India.
ADQ, which owns Abu Dhabi Ports, Abu Dhabi Airport and bourse operator Abu Dhabi Securities Exchange (ADX), is on an investment spree. It has taken strategic stakes in a variety of ventures within the UAE and globally.
(Writing by Brinda Darasha; editing by Cleofe Maceda)
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