Indian education giant Byju’s is in the middle of a massive funding round that values the company at an impressive $15 billion. B Capital, General Atlantic, and Owl Ventures are leading the round which is expected to raise up to $1 billion. The company is also reportedly planning to raise an additional $200-$300 million in the coming weeks. This would bring its total funding raised so far to over $2.7 billion. Byju has become one of India’s most successful startups and its latest funding round could solidify its status as an unstoppable force in edtech. In this article, we’ll take a look at Byju’s recent fundraising efforts and what it means for the future of the company.
Byju’s is a leading ed-tech startup in India
Byju’s is a leading ed-tech startup in India that is raising about $1B from B Capital and others at a valuation of about $15B. The company plans to raise a further $200M to $M in the coming weeks. Byju offers a wide range of educational products and services, including online courses, tutoring, and test preparation. The company has been profitable since FY17 and is one of the most valuable startups in India.
B Capital and others are investing $1B in Byju’s
B Capital and others are investing $1 billion in Byju’s, a leading provider of online education in India. This investment will help Byju’s to expand its reach and scale its operations. With this new round of funding, Byju’s is planning to raise a further $500 million to $1 billion in the coming weeks.
Byju’s is valued at $15B
In March 2019, Byju’s was valued at $15 billion after raising $300 million from B Capital and others. The Indian ed-tech startup plans to raise an additional $500 million to $1 billion in the coming weeks.
Byju’s is the world’s most valued ed-tech company and is India’s highest-valued startup. The company has been growing rapidly, with over 50 million registered users and 4.5 million annual paid subscribers. Byju’s founder and CEO, Byju Raveendran, is now the richest man in India under 40.
With its latest round of funding, Byju plans to continue its rapid expansion in India and internationally. The company will also use the funds to invest in new technology and product development.
Byju’s plans to raise an additional $200M to $300M
Byju is planning to raise an additional $200 million to $300 million from investors including B Capital, according to sources. The new funding round would value the Indian ed-tech startup at about $10 billion and is expected to close in the coming weeks.
The company has been on a fundraising tear in recent months, raising nearly $500 million from Tiger Global Management and others at a valuation of $8 billion in January. It also picked up $200 million in debt financing last month.
With the new funding, Byju’s is looking to further expand its reach in India and abroad. The company offers a mix of free and paid content on its app, which has been downloaded by over 50 million users. It plans to use the new funds to grow its user base and build out its product offerings.
- Saritha Rai/Bloomberg: Byju’s is raising $500 million from B Capital and others at a valuation of $5 billion, with plans to raise a further $200 million to $300m in the coming weeks.
- TechCrunch: Byju’s, India’s most valuable ed-tech startup, is raising $1 billion from B Capital and others at a valuation of $15 billion.