Byju's Raises $122 Mn Series F Funding from DST Global. Is it a part of the $400 Million?
New Delhi, Aug. 27 -- Byju's is India's largest online EdTech platform. In a recent development, first reported by Entracker, it has raised $122 million from DST Global at a valuation of $10 billion, according to regulatory filings. Further, it is allotting 42,666 preference shares at an issue price of Rs 213,042.13 per share for a 1.2 per cent stake for DST Global. CIOL also reported that tech billionaire Yuri Milner of DST Global was to lead a $400 million round in Byju's.
Founders Byju Raveendran, Divya Gokulnath and Riju Raveendran together hold 33.1% shares after this investment.
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