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Page 6 - Techradar India News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Byju s is India s most valuable unicorn startup now - But worries remain

(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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