New Delhi, February 17: Edtech firm Byju's on Thursday said it will invest USD 200 million (about Rs 1,500 crore) to set up 500 tuition centres across 200 cities in the country. The company has launched 80 centres earlier under a pilot project where it offers both offline and online classes to students of class 4 to class 10.

"The launch of 'Byju's Tuition Centre' is a landmark moment for Byju's. Over the next 12-18 months, we will be investing USD 200 million to open these sites across India. We are also looking at strengthening our team," BYJU'S Chief Operating Officer Mrinal Mohit said in a statement.

Byju's aims to enroll 1 million students into this programme in the next two years and claims to create employment opportunities for over 10,000 people within a year of operations.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)