BYJU S raises $455 mn led by Baron Funds as part of $1B round
By IANS |
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Byju Raveendran. Image Source: IANS News
New Delhi, April 12 : Leading ed-tech company BYJU S has raised $455 million from investors that include Baron Funds and Facebook cofounder Eduardo Saverin s B Capital Group, as part of a $1 billion Series F round, the media reported on Monday.
Citing government filings by the company, Inc42 reported that existing investors like Silver Lake Management, Owl Ventures, and T. Rowe Price etc are also participating in the round.
The latest fund-raising comes after the BYJU S announced to acquire Aakash Educational Services Ltd (AESL) through a strategic merger. The deal size is also pegged at close to $1 billion, according to a person familiar with the transaction.
Citing government filings by the company, Inc42 reported that existing investors like Silver Lake Management, Owl Ventures, and T. Rowe Price etc are also participating in the round.The
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(Bloomberg) Indiaâs online-education startup Byjuâs is raising about $1 billion from new investors including B Capital Group, founded by former Facebook cofounder Eduardo Saverin, Baron Funds and XN, a person familiar with the matter said.The infusion that values Indiaâs online-lessons platform at about $15 billion is among the largest recent capital increases in India. Existing backers, including private equity giant Silver Lake .
(Bloomberg) Indiaâs online-education startup Byjuâs is raising about $1 billion from new investors including B Capital Group, founded by former Facebook cofounder Eduardo Saverin, Baron Funds and XN, a person familiar with the matter said.
B Capital Group to Invest in Byju swfinstitute.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swfinstitute.org Daily Mail and Mail on Sunday newspapers.
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