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Byju’s valuation tops $15 billion after over $1-billion funding
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Last Updated: Apr 12, 2021, 10:32 PM IST
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Synopsis
Byju’s, India’s most valued edtech startup, has raised $1.51 billion in three tranches of Series F funding round. The capital raised is likely to be used for inorganic growth by way of acquisitions.
ETtech
Byju’s is looking at closing next year at $1.2-1.3 billion in revenues, founder Byju Raveendran has said.
Mumbai:Byju’s has raised over $1 billion from investors led by Baron Funds, Facebook co-founder Eduardo Saverin’s B Capital Group, and US-based investment hedge fund XN Exponent Holding, regulatory filings with the Ministry of Corporate Affairs sourced from business intelligence platform Tofler showed.