Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 17 2019

In latest funding round, Byju's valuation rises to $5.5 billion

Byju's is targeting a revenue of more than Rs 3,000 crore in the current fiscal, up from Rs 1,430 crore last year.

Byju's, the world's most valued education technology firm, has seen its valuation rise to $5.5 billion earlier this month, a jump of nearly 53% from December.

In order to emerge as India's fourth largest startup, Byju's had raised $540 million at a valuation of $3.6 billion from South African media giant Naspers, Canada Pension Plan Investment Board and private equity giant General Atlantic.

The Bengaluru-based startup counts Sequoia, Lightspeed and Tencent among its backers. It has so far raised Rs 3,159.4 crore in the Series F round. Recently, the edtech firm has seen new investors such as Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, and Owl Ventures come on board.

The company’s move to expand its global footprint and launch new course material for students in grades I-III have also contributed to the valuation jump. It is already the most well-funded edu-tech player in the country.

Byju's is targeting a revenue of more than Rs 3,000 crore in the current fiscal, up from Rs 1,430 crore last year.

Comment
image
Related opportunities
  • Multi Cuisine Restaurant
    About Us: Multi cuisine restaurant which serves Italian , Mexian ,..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Gayatri Electric Vehicles are manufacturers and suppliers of a range..
    Locations looking for expansion Uttar pradesh
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size
    Space required 750
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Noida Uttar pradesh
  • About Us: Pizza is about the Pleasures of Life, Storytelling, Traditions,..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2007
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Education Supplies
    About Us: The Maple Bear™ program is owned by Maple Bear™..
    Locations looking for expansion Delhi
    Establishment year 2004
    Franchising Launch Date 2004
    Investment size Rs. 10lac - 20lac
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities