With a fresh round of investments from China’s Tencent Holdings, education tech company BYJU’s is planning to acquire companies and expand into international markets.

BYJU’s, however, did not disclose the quantum of funding. Founder and CEO Byju Raveendran said the latest round of funding will help in creating effective tech-enabled learning programmes to cater to the learning requirements in new markets.

For Tencent, this is the fourth investment it has made in India, after investments in Hike, Practo and Flipkart. “We share BYJU’S mission of transforming education by creating personalised learning experiences for students,” said Hongwei Chen, Executive Director of Investment and M&A at Tencent.

BYJU’S, which was launched in 2015, has around 9 million students learning from its app and around 450,000 annual paid subscribers, according to company executives.

The Bengaluru-based edutech company, earlier this month, acquired TutorVista and Edurite from Pearson for an undisclosed sum. TutorVista is into online tutoring, catering to school and college students in the US and gets “millions” of visitors every month, according to company executives.

BYJU’s has seen more than 100 per cent growth, with revenue going up from ₹115 crore in 2015-16 to ₹260 crore in 2016-17. Also, the company claims to have turned profitable last quarter.

This round of investment from Tencent, comes close on the heels of two such rounds of investment. In March, BYJU’s received funding from Verlinvest, a Belgium-based fund, and World Bank Group member International Finance Corporation. In March 2016, BYJU’s had raised $70 million, and also got $50-million funding from The Chan Zuckerberg Initiative and Sequoia Capital.

BYJU’s uses a mix of physical classrooms and an app, through which it coaches K-12 students and for competitive exams such as JEE, NEET, CAT, IAS, GRE and GMAT. The course material is designed in-house by a team of teachers and technologists numbering around 450, which uses games and videos to coach students.

India has the largest K-12 education system in the world, with over 260 million enrolments, and is estimated to grow 30 per cent by 2022, according to industry estimates.