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Jul, 17 2018

Byju’s plans to reise $150 mn from new, existing investors

The company had last raised funds in July 2017 from Chinese internet conglomerate Tencent.

Ed-tech startup Byju’s is in discussions with new and existing investors to raise more than $150 million.

Citing three people aware of the development, the report said the new funding round may value Byju’s around $1.8-2 billion.

The company had last raised funds in July 2017 from Chinese internet conglomerate Tencent.

Run by Bengaluru-based Think and Learn Pvt. Ltd, Byju’s is the most well-funded ed-tech startup in India, having raised around $200 million till date.

Besides Tencent, the ed-tech startup counts the Chan Zuckerberg Initiative, Belgian family office Verlinvest and the World Bank’s private-sector investment arm, the International Finance Corporation, among its investors.

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