BYJU'S Looks To Stretch Edtech Dominance With $700 Mn Funding At $15 Bn Valuation
India, March 26 -- After mopping up more than $800 Mn (in disclosed rounds) in 2020, Bengaluru-based edtech giant BYJU'S is ready to put up a similar show in 2021 by raising another $600 Mn to $700 Mn from new and existing investors at a valuation of a whopping $15 Bn. The startup is said to be in talks with some new as well as existing investors and the round could grow even bigger than the stated amount.
Post this round, BYJU'S will not only continue to remain the highest valued edtech startup in the world, but would also become the second most valued India startup after digital payments giant Paytm, which is currently valued at $16 Bn.
BYJU'S doubled its valuation last year, from $6 Bn to $12 Bn in less than 12 months, which included...
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