Byju’s becomes India’s most valued startup at $16.5 billion with UBS, Blackstone funding

Byju’s has raised $350 million from UBS, private equity giant Blackstone, Abu Dhabi state fund ADQ, Phoenix Rising and video conference firm Zoom’s founder Eric Yuan, regulatory filings said.

 

Online learning

Online learning firm Byju’s has become India’s most valuable internet startup with a valuation of $16.5 billion in its current funding round, surpassing fintech firm Paytm’s $16 billion valuation.

Byju’s has raised $350 million from UBS, private equity giant Blackstone, Abu Dhabi state fund ADQ, Phoenix Rising and video conference firm Zoom’s founder Eric Yuan, regulatory filings said.

Byju’s has raised over $1.5 billion dollars in the last 18 months, many times more than total funding earlier, with growth for online education turbocharged by the COVID-19 pandemic.

Great Learning

Byju’s is expected to use the funds for more acquisitions. Its acquisitions in the last one year include coding firms Whitehat Jr, competitor Toppr, offline test preparation firms Aakash, Great Learning and Gradeup. The latter two deals have not closed yet and have been reported about earlier.

Founded by former teacher Byju Raveendran, Byju’s valuation has doubled since January 2020, when it has valued at $8 billion in a Tiger Global-led round.

Valuable internet startup

Online learning firm Byju’s has become India’s most valuable internet startup with a valuation of $16.5 billion in its current funding round, surpassing fintech firm Paytm’s $16 billion valuation.

Byju’s has raised $350 million from UBS, private equity giant Blackstone, Abu Dhabi state fund ADQ, Phoenix Rising and video conference firm Zoom’s founder Eric Yuan, regulatory filings said.

Byju’s has raised over $1.5 billion dollars in the last 18 months, many times more than total funding earlier, with growth for online education turbocharged by the COVID-19 pandemic.

Byju’s is expected to use the funds for more acquisitions. Its acquisitions in the last one year include coding firms Whitehat Jr, competitor Toppr, offline test preparation firms Aakash, Great Learning and Gradeup. The latter two deals have not closed yet and have been reported about earlier.

Founded by former teacher Byju Raveendran, Byju’s valuation has doubled since January 2020, when it has valued at $8 billion in a Tiger Global-led round

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