ETtech Deals Digest: Byju’s $1-bn funding, Amazon’s $250-mn India fund
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Last Updated: Apr 16, 2021, 08:26 PM IST
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In this week s ETtech Deals Digest, India’s biggest edtech startup cannot stop raising funds, and the world’s largest online retailer cannot stop wooing small businesses in India.
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(Illustration: Rahul Awasthi/ETtech)
In this week s ETtech Deals Digest, India’s biggest edtech startup cannot stop raising funds, and the world’s largest online retailer cannot stop wooing small businesses in India.
Byju s $1-billion funding round
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Byju’shas 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, according to the company s regulatory filings.
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.
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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.