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(Image credit: Byju s)
Byju’s, India s top ed-tech company, raised another round of capital. And this new round has made Byju’s the most valuable venture-funded tech company in India at $16.5 billion, edging it past Paytm that has a valuation of $16 billion.
In its latest round, Byju s has raised about $350 million from UBS Group, Blackstone, Abu Dhabi s ADQ, Zoom founder Eric Yuan s family office and Phoenix Rising - Beacon Holdings. The fund raising is part of $1.5 billion the company started raising in April.
Bulk of the capital raised will be used to fund a spate of acquisitions Byju’s has in mind.
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