Byju’s, a huge education company in India, is in the middle of a huge funding round that puts the company’s worth at a staggering $15 billion. The round is being led by B Capital, General Atlantic, and Owl Ventures. The goal is to raise up to $1 billion. It is also said that the company plans to raise an extra $200–$300 million in the next few weeks. This would put the total amount of money it has raised so far at more than $2.7 billion. Byju has become one of India’s most successful startups, and its latest funding round could make it an unstoppable force in edtech. In this article, we’ll look at how Byju raised money recently and what that means for the company’s future.
Byju’s is one of India’s best ed-tech startups
Byju’s is India’s top ed-tech startup, and it is raising about $1B from B Capital and other investors. The company is worth about $15B. In the next few weeks, the company plans to raise another $200M to $M. Byju offers a wide range of educational products and services, such as online courses, tutoring, and test prep. Since FY17, the company has made money, and it is now one of the most valuable startups in India.
Byju’s is getting $1B from B Capital and other investors
B Capital and a few other companies are putting $1 billion into Byju’s, which is India’s largest online education provider. This investment will help Byju’s grow its business and reach more people. Byju’s hopes to raise another $500 million to $1 billion in the coming weeks through this new round of funding.
Byju’s is worth $15B
Byju’s was worth $15 billion in March 2019 after B Capital and other investors gave it $300 million. In the next few weeks, the Indian ed-tech startup hopes to raise between $500 million and $1 billion more.
Byju’s is the most valuable ed-tech company in the world and the most valuable startup in India. With more than 50 million registered users and 4.5 million paid annual subscribers, the company is growing quickly. Byju Raveendran, the founder and CEO of Byju, is now the richest person in India under the age of 40.
With its most recent round of funding, Byju plans to keep growing quickly in India and around the world. The company will also use the money to develop new products and invest in new technology.
Byju wants to raise between $200M and $300M more
Sources say that Byju plans to get another $200 million to $300 million from investors, including B Capital. The Indian ed-tech startup would be worth about $10 billion after the new funding round, which is expected to end in the next few weeks.
In the past few months, the company has been raising money like crazy. In January, it raised nearly $500 million from Tiger Global Management and other investors at a $8 billion valuation. Last month, it also got $200 million in debt financing.
With the new money, Byju’s wants to grow its business in India and around the world. The company’s app, which has been downloaded by more than 50 million people, has both free and paid content. It plans to use the extra money to get more users and make its products better.
Bloomberg/Saritha Rai
- Bloomberg’s Saritha Rai: Byju’s is getting $500 million from B Capital and other investors at a valuation of $5 billion. In the next few weeks, it plans to get another $200 million to $300 million.
- TechCrunch reports that Byju’s, the most valuable ed-tech startup in India, is raising $1 billion from B Capital and others at a $15 billion valuation.
