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The Bangalore-based startup was founded by Byju Raveendran. (File photo) NEW DELHI: Byju’s, India’s online education pioneer, is raising about $150 million from UBS Group AG at a valuation of about $16.5 billion, multiple people familiar with the deal said. The funding will make it India’s most-valuable startup. An entity that is part of UBS Asset Management is making the investment. It is in discussions to invest additional money, which would take its total investment in Byju’s to about $300 million, the people said, who asked not be identified as the negotiations are private. The startup could rope in another backer to take the fresh funding to $400 million, one of the people said. ....
The startup could rope in another backer to take the fresh funding to $400 million Byju s, India s online education pioneer, is raising about $150 million from UBS Group AG at a valuation of about $16.5 billion, multiple people familiar with the deal said. The funding will make it India s most-valuable startup. An entity that is part of UBS Asset Management is making the investment. It is in discussions to invest additional money, which would take its total investment in Byju s to about $300 million, the people said, who asked not be identified as the negotiations are private. The startup could rope in another backer to take the fresh funding to $400 million, one of the people said. ....
Byju s valuation to surge past Paytm after $150 million funding from UBS The Bengaluru-based startup will raise about $150 million from UBS Group; UBS investment in Byju s is critical as it could take the unicorn s valuation past digital payments startup Paytm BusinessToday.In | April 29, 2021 | Updated 12:13 IST Byju s has added many big names to its list of investors After making it to the TIME Magazine s first-ever list of 100 most influential companies, the ed-tech startup Byju s is set to become India s most valuable startup. The Bengaluru-based startup will raise about $150 million from UBS Group. The investment will be made by an entity that is a part of the UBS Asset Management. ....