Mark Zuckerberg Just Invested $50 Million in This Startup

Zuckerberg's philanthropic organization, the Chan Zuckerberg Initiative, is leading the $50 million investment along with other venture capital firms.

By Alex Heath

Byju
Part of the Byju team.

This story originally appeared on Business Insider

Mark Zuckerberg has invested in Byju, an Indian education startup that teaches kids subjects like math and science with a mobile app.

Zuckerberg's philanthropic organization, the Chan Zuckerberg Initiative, is leading the $50 million investment along with other venture capital firms.

It's the second investment Facebook's CEO has made through the Chan Zuckerberg Initiative, a company he owns with his wife, Priscilla Chan.

Byju previously raised $75 million in March.

"I'm optimistic about personalized learning and the difference it can make for students everywhere," Zuckerberg said on his Facebook page on Thursday. "That's why it's a major focus of our education efforts, and why we're looking forward to working with companies like BYJU's to get these tools into the hands of more students and teachers around the world."

Byju's app, which offers interactive courses and exams on a range of subjects, has been downloaded over 5.5 million times to date and boasts 250,000 annual subscribers in India.

The Chan Zuckerberg Initiative previously led an investment of $24 million in Andela, an African startup that teaches people how to code.

Alex Heath

Tech Reporter for Business Insider

Alex Heath is a tech reporter for Business Insider in New York City. He covers social media companies such as Facebook, Snapchat and Twitter. He also writes about the hottest apps and startups.

Before joining Business Insider in 2015, he closely covered Apple for the website Cult of Mac. He has been a guest on shows like Good Morning America, BBC World News, Marketplace Tech and This Week in Tech.

He prefers getting tips and pitches via email or Twitter DM.

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