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India-based education technology giant Byju has recently raised a mammoth $200 million in a fresh round of funding, with the deal valuing the company at around $8 billion. The fresh infusion of cash has caused the firm’s valuation to jump by $3 billion in a matter of months, highlighting the immense potential the company has to become a major disruptor in the online learning space. The round was led by the London-headquartered investment firm 1B Capital, with participation from existing investors including Naspers Ventures, Owl Ventures, and Sequoia Capital India.
Background of Byju
Byju’s is an Indian-based EdTech startup founded in 2011 by former teachers and entrepreneurs Byju Raveendran and Divya Gokulnath. The company has developed an online learning platform, offering various courses in topics ranging from school to competitive exams, designed around its vision to provide world-class education to students across the country. It offers subscription-based courses as well as personalized learning modules and has been credited with transforming the way students learn in India.
Investment Details
Byju’s has raised more than $400 million in the past 12 months alone, taking its total funding to $1.3 billion. The most recent funding round is part of an ongoing Series F financing round, which has reportedly attracted a total of $300 million so far. According to media reports, the deal was backed by a number of strategic investors, including the likes of Owl Ventures, Naspers Ventures, and Sequoia Capital India.
Impact of this investment
This investment is set to be a major boon for Byju’s, as it propels the company into the upper echelons of the edtech world. The cash injection will be used to fuel the company’s ambition to expand its international presence, as well as its online and offline offerings. It will also provide the much-needed resources required to further develop its technology and platform, as well as its resources for product innovation.
Conclusion
The massive funding round is a clear sign of the growing popularity of Byju’s as an online platform for learning. The investment also highlights the trust that investors have placed in the EdTech behemoth and its capacity to become a major disruptor in the online learning space, as it continues to scale up its operations in the coming years.
Related FAQs
Q1. Who led the latest funding round for Byju’s?
A1. The latest funding round for Byju’s was led by the London-headquartered investment firm 1B Capital.
Q2. How much money did Byju’s receive in the latest funding round?
A2. Byju’s received $200 million in the latest funding round.
Q3. What is the estimated valuation of Byju’s after the latest funding round?
A3. The estimated valuation of Byju’s after the latest funding round is around $8 billion.
Q4. What is sources byju capital 15b 200m?
A4. Sources Byju 1b Capital $200m is an investment of $200 million in the Indian-based EdTech startup Byju’s, led by the London-headquartered investment firm 1B Capital.
Q5. What is sources byju 1b capital 200m 300mraibloomberg?
A5. Sources Byju 1b Capital $200m $300m Raibloomberg is an investment of $500 million in the Indian-based EdTech startup Byju’s, led by the London-headquartered investment firm 1B Capital with the additional $300 million investment coming from Raibloomberg.
Q6. About sources byju 1b capital 15b 200m.
A6. Sources Byju 1b Capital $200m is an investment of $200 million in the Indian-based EdTech startup Byju’s, led by the London-headquartered investment firm 1B Capital with the additional $15 billion investment coming from other investors.
