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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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.
Byju’s acquires test prep major Aakash for nearly $1 billion
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Byju’s acquires test prep major Aakash for nearly $1 billion
Digbijay Mishra / TNN / Updated: Apr 6, 2021, 08:08 IST
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BENGALURU: Ed-tech major Byju’s has acquired brick-and-mortar test preparation firm Aakash Institute in a mega deal valued at nearly $1 billion. The acquisition, which will create one of the largest education groups in India, is through a mix of cash and stock.
J C Chaudhry and Aakash Chaudhry, founders of Aakash Educational Services that runs the coaching centres under the name of Aakash Institute, and Blackstone, an investor in Aakash, have sold parts of their stakes for cash, and have also got shares in Byju’s parent firm, Think and Learn, at a valuation of around $12 billion.
Byjus Aakash deal: Byju s to acquire Aakash Educational Services in $700-million deal indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.