New Delhi, June 14 -- Decacorn BYJU'S has now become the highest valued startup at $16.5 Billion. Only in March, the startup had raised close to $460 million in its ongoing Series F round led by MC Global Edtech Investment Holdings LP. The company then valued at $13 Billion. Even then, CiOL had reported that another round of funding would make BYJU'S more in value than Paytm. Soon enough, the new round of about $340 Million, values the company at $16.5 Billion, half a billion more than Paytm.

UBS Group along with Zoom founder Eric Yuan and Blackstone led the round. Abu Dhabi sovereign fund ADQ and Phoenix Rising-Beacon Holdings also participated in the round. Reports suggest that the investment is a part of the $1.5 billion funding goal ...