Byju's valuation soars by $2 bn to $5.5 bn in ongoing Series F funding round; raises Rs 3,159 cr so far
5 years, 8 months ago

Byju's valuation soars by $2 bn to $5.5 bn in ongoing Series F funding round; raises Rs 3,159 cr so far

Firstpost  

The valuation of Byju’s, India’s most valued ed-tech startup, has reportedly touched $5.5 billion as a result of the ongoing funding round, said media reports. The Bengaluru-based startup’s valuation reportedly soared by $2 billion to $5.5 billion in the ongoing Series F funding round, a rare development in a single round, as investors clamoured for a piece of Byju’s that reported dizzying growth, said a report in Mint. Byju’s has so far raised Rs 3,159.4 crore in the round, led by investors such as South Africa’s Naspers, private equity firm General Atlantic, and Canada Pension Plan Investment Board, the report said citing data sourced from business information platform Paper.vc. In December last year, Byju’s had announced raising $540 million in funding, led by Naspers with a significant portion also being contributed by the Canada Pension Plan Investment Board.

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History of this topic

Indian startups raise $1.65 bn in Feb; median valuation at $83.2 mn
3 weeks, 2 days ago

Indian startups raise $1.65 bn in Feb; median valuation at $83.2 mn

The Hindu  

Indian startups raised a total of $1.65 billion in funding at a median valuation of $83.2 million in February 2025, according to data from Tracxn. Entrepreneurs in the country's startup capital, Bengaluru, secured funding worth $353 million, with a median round size of $2 million. Those in Mumbai grabbed total funding of $102 million but with a higher median round …

Byju's under scrutiny again: Government launches new investigation into finances
4 months ago

Byju's under scrutiny again: Government launches new investigation into finances

India Today  

The government has launched a fresh investigation into the financial and accounting practices of Byju’s, the troubled edtech giant. The new investigation comes after a previous review by the Ministry of Corporate Affairs highlighted lapses in corporate governance at the company, according to sources familiar with the matter, reported Bloomberg. NEW INVESTIGATION DETAILS The Registrar of Companies’ regional office in …

Edtech: Focus shifts to offline mode
6 months, 2 weeks ago

Edtech: Focus shifts to offline mode

New Indian Express  

BENGALURU: The edtech landscape has been witnessing a rollercoaster ride since the pandemic, which led to a surge in online edtech start-ups and funding. The online coaching and tuition companies stopped getting the generous funding they got used to during the pandemic, and many online start-ups that started during Covid had to shut down. The fall of Byju’s, valued at …

Byju’s founder secures private debt to meet employee salaries amid financial strains, NLCT dispute, says report
11 months ago

Byju’s founder secures private debt to meet employee salaries amid financial strains, NLCT dispute, says report

Live Mint  

With this, the edtech unicorn has now disbursed partial salaries for both February and March to employees after previous delays. Byju Raveendran, founder and CEO of Byju’s, has reportedly secured a private debt of approximately ₹30 crore to cover the March salaries of employees amidst financial challenges faced by the edtech company, Business Standard reported. {{^adFree}} {{/adFree}} NCLT Dispute - …

Byju Raveendran's net worth is now zero from 17,545 crore in 2023: What happened?
11 months, 3 weeks ago

Byju Raveendran's net worth is now zero from 17,545 crore in 2023: What happened?

Hindustan Times  

Edtech company Byju's founder Byju Raveendran saw his wealth vanish, as per the latest Forbes Billionaire Index. Previously listed with a net worth of ₹17,545 crore, Byju Raveendran's worth in the 2024 Index shows him at zero amid challenges faced by Byju's which once had a peak valuation of $22 billion. Forbes noted, “Only four people from last year's list …

Setback for Byju's as Australia-based investor slashes valuation by 98%
1 year ago

Setback for Byju's as Australia-based investor slashes valuation by 98%

Hindustan Times  

Macquarie Capital, an Australia-based global financial services provider, has decided to slash by nearly 100% its valuation of struggling edtech firm Byju's, in which the former invested ‘a few million dollars’ in 2021, Bloomberg has reported quoting people familiar with the matter. This comes after Julius Baer Group Limited, a Swiss private banking group, accused Macquarie of charging clients based …

Byju’s woes shows failure to adjust to post-covid reality
1 year, 1 month ago

Byju’s woes shows failure to adjust to post-covid reality

New Indian Express  

Troubled edtech firm Byju’s has been thrown a lifeline by disgruntled investors who have so far pledged to contribute $300 million to allow it to continue operations. The rights issue, expected to close by the end of the month, has valued the company at $200-250 million—a meltdown of about 95 percent from Byju’s peak valuation of $22 billion. Byju’s has …

Byju's crisis explained: Why edtech firm, once valued at $22 bn, is witnessing financial downfall
1 year, 1 month ago

Byju's crisis explained: Why edtech firm, once valued at $22 bn, is witnessing financial downfall

Hindustan Times  

Ed-tech company Byju's has been grappling with a financial crisis, and in their latest move, the shareholders of the company have moved a resolution seeking the ouster of the founders from top leadership roles, including CEO Byju Raveendran. US-based investment firm Redwood cut a loan of $1.2 billion to Byju's in November 2021, but the ed-tech firm failed to make …

Byju's crisis: Investors seek ouster of founders, want to fire CEO Byju Raveendran
1 year, 1 month ago

Byju's crisis: Investors seek ouster of founders, want to fire CEO Byju Raveendran

Hindustan Times  

As many as six shareholders of Byju's parent company Think and Learn Private Limited have now moved a resolution to oust the founders from having control over the ed-tech firm in the midst of the financial crisis, reported PTI citing sources. In an extraordinary general meeting, the investors of Byju's have urged the consideration to oust all the founders from …

Shareholders ask Byju Raveendran to step down
1 year, 1 month ago

Shareholders ask Byju Raveendran to step down

Live Mint  

Mumbai: Several large shareholders of Think and Learn Pvt. Ltd., the parent entity of edtech startup Byju’s, have called for a change in the company’s management, including the removal of co-founder and chief executive Byju Raveendran, people aware of the development told Mint. General Atlantic, Prosus Ventures, Peak XV and Chan Zuckerberg Initiative, among others, signed a notice on Thursday …

Byju’s no longer Unicorn; valuation falls 99% to $230mn
1 year, 1 month ago

Byju’s no longer Unicorn; valuation falls 99% to $230mn

New Indian Express  

BENGALURU: Edtech firm Byju’s will raise $200 million by way of a rights issue to achieve operational sustainability. This raising of funds through a rights issue comes at a time when the company has been struggling for the past 21 months to raise external capital. Byju Raveendran, founder of Byju’s said, “The funds raised will be exclusively utilized to clear …

Once a unicorn, Byju's slashes valuation by 90% to raise funds as it files financials after 22-month gap
1 year, 2 months ago

Once a unicorn, Byju's slashes valuation by 90% to raise funds as it files financials after 22-month gap

Firstpost  

Byju’s, a beleaguered edtech startup, is going to slash valuation by more than 90 per cent from its previous round to raise fresh funds and alleviate its financial troubles. Once counted among the world’s most valuable startups, Byju’s is seeking more than $100 million from existing investors through a fresh issuance of shares scheduled for February 2024, at a price …

Byju’s likely to slash its valuation by 90% to raise fresh funds
1 year, 2 months ago

Byju’s likely to slash its valuation by 90% to raise fresh funds

Live Mint  

Byju’s, once counted among the world’s most valuable startups, is seeking to raise funds at a discount of more than 90% from its previous round to alleviate its financial problems. The beleaguered Indian education provider is asking more than $100 million from existing investors through a fresh issuance of shares slated for next month, at a price that values the …

Blackrock marks down Byju's valuation to $1 bn
1 year, 2 months ago

Blackrock marks down Byju's valuation to $1 bn

Deccan Chronicle  

Chennai: The valuation of ed-tech start-up Byju’s has been further marked down to $1 billion by its investor Blackrock. According to disclosures, BlackRock valued Byju’s shares at about $209.6 in October 2023, down from the peak of $4,660 in 2022 – down by 95.5 per cent. While Prosus holds 3 per cent stake in Byju’s, Blackrock has 1 per cent …

BlackRock slashes Byju’s valuation to $1 billion, down 95%, says report
1 year, 2 months ago

BlackRock slashes Byju’s valuation to $1 billion, down 95%, says report

Live Mint  

Asset manager BlackRock has once again reduced its valuation of Indian ed-tech unicorn Byju’s, this time by around 95 percent from $22 billion to $1 billion, as per a Tech Crunch report citing company disclosures. Reversal of Fortune This valuation markdown represents a significant reversal of fortune for Byju’s, once considered the poster child of the Indian start-up ecosystem. Despite …

Byju’s targets to be profitable by March 2024, may layoff 3,000-3,500 workforce
1 year, 5 months ago

Byju’s targets to be profitable by March 2024, may layoff 3,000-3,500 workforce

Live Mint  

On account of consolidation and restructuring of the organization and settlement on a $1.2 billion loan, edtech major BYJU'S has set the target to become profitable by March 2024, reported news agency PTI citing sources. "Think and Learn Private Ltd restructuring will see the current operations spread across several business units streamlined into four core areas of K-12, test prep, …

Byju’s to sell Epic, Great Learning to repay $1.2 bn loan
1 year, 6 months ago

Byju’s to sell Epic, Great Learning to repay $1.2 bn loan

Live Mint  

MUMBAI : Byju’s has put up kids’ reading platform Epic and higher education platform Great Learning for sale, three people aware of the development said, as the edtech giant tries to raise money and pay off a $1.2 billion loan it raised in November 2021. The two assets may together fetch Byju’s around $800 million to $1 billion, which will …

Bengaluru leads Indian EdTech funding amid dip in 2023
1 year, 6 months ago

Bengaluru leads Indian EdTech funding amid dip in 2023

The Hindu  

The Indian EdTech space saw a 48 percent dip in funding from 1 January to 7 August 2023 compared to the corresponding period in the previous year. Nevertheless, the report notes that Indian EdTech sector shows promise due to a demand-supply gap between teachers and course availability in offline education, which might fuel the sector’s growth in the coming years. …

Prosus slashes Byju’s valuation to $5 billion: Report
1 year, 9 months ago

Prosus slashes Byju’s valuation to $5 billion: Report

Live Mint  

Dutch-listed technology investor Prosus NV has slashed the valuation of Indian edtech startup Byju's to $5.1 billion, according to a TechCrunch report. Prosus had downsized the value of its 9.6 per cent stake in Byju's to around $493 million in the financial year ended March 31, the report added. Byju's is caught in what many see as a governance crisis …

Byju’s Supernova Moment: End of Star Trek For The Indian EdTech Giant?
1 year, 9 months ago

Byju’s Supernova Moment: End of Star Trek For The Indian EdTech Giant?

The Quint  

India’s edtech juggernaut Byju’s appears to be in serious trouble. Ever since its meteoric rise in mid-2020, I have, like others who have more than a passing interest in India’s education space, been stunned by the developments. Along the way, as the Byju’s phenomenon gained momentum, investors and lenders appeared to jump in some kind of frenzy, possibly more out …

BYJU’S woes | A timeline tracing why India’s Edutech giant is in trouble at home and abroad
1 year, 9 months ago

BYJU’S woes | A timeline tracing why India’s Edutech giant is in trouble at home and abroad

The Hindu  

The financial woes of India’s most successful edutech company Byju’s continue to worsen as it skipped payment of $40 million interest on its $ 1.2-billion loan on June 6. March 2023: Byju’s lenders accelerate loan repayment According to the company’s statement, the group’s lenders in U.S led by investment management firm Redwood accelerated the TLB repayment alleging certain non-monetary and …

Byju's Braces For Crucial Week As Lender Calls Loom Amid Rising Tensions
1 year, 9 months ago

Byju's Braces For Crucial Week As Lender Calls Loom Amid Rising Tensions

News 18  

Byju’s, the world’s highest-valued edtech company, is gearing up for an important week of discussions with its lenders as it seeks to ease growing tensions, people aware of the matter told Moneycontrol. The upcoming discussions hold immense significance for Byju’s, as the company, one of the world’s largest startups, has been in a prolonged dispute with its lenders for over …

Byju's ED Raid: CEO Byju Raveendran Says Company In Compliance, Brought More FDI Than Any Other Startup
1 year, 10 months ago

Byju's ED Raid: CEO Byju Raveendran Says Company In Compliance, Brought More FDI Than Any Other Startup

News 18  

After financial crime-fighting agency ED searched Byju’s premises, the education platform’s CEO Byju Raveendran wrote to employees saying the company brought more FDI to India than any other startup and that the firm fully complies with all applicable foreign exchange laws. “As we are funded by 70+ impact investors who have satisfactorily done due diligence on our operations, including all …

Byju’s brought more FDI to India than other startups, company in compliance with laws: CEO after ED raid
1 year, 10 months ago

Byju’s brought more FDI to India than other startups, company in compliance with laws: CEO after ED raid

The Hindu  

After financial crime-fighting agency ED searched Byju's premises, the education platform's CEO Raveendran Byju wrote to employees saying the company brought more FDI to India than any other startup and that the firm fully complies with all applicable foreign exchange laws. "As we are funded by 70+ impact investors who have satisfactorily done due diligence on our operations, including all …

ED seizes ’incriminating data’ of Byju’s over alleged forex law violations
1 year, 10 months ago

ED seizes ’incriminating data’ of Byju’s over alleged forex law violations

Live Mint  

According to a statement made earlier today by the Directorate of Enforcement, three Bengaluru premises related to the education platform Byju and its billionaire CEO Byju Raveendran have undergone searches and seizures for possible violations of the nation's foreign exchange rules. The searches under alleged foreign exchange law violations revealed that Think and Learn Private Limited, Byju's parent firm, had …

Byju's Lenders Want $200 Million Prepayment Over Restructuring $1.2-Billion Loan : Report
1 year, 11 months ago

Byju's Lenders Want $200 Million Prepayment Over Restructuring $1.2-Billion Loan : Report

ABP News  

Lenders of the ed-tech firm Byju's are asking for up to $200 million in prepayment for the restructuring of a $1.2 billion loan, according to a report by the Economic Times. The report says the world's most valuable ed-tech start-up Byju's has borrowed money from various lenders, including a number of US-based hedge funds. According to the report, Byju's currently …

Byju Raveendran 2nd-richest entrepreneur in global edu sector: Hurun report
2 years ago

Byju Raveendran 2nd-richest entrepreneur in global edu sector: Hurun report

Live Mint  

Edtech major BYJU's founder Byju Raveendran has become the second-richest entrepreneur in the global education sector, showed M3M Hurun Global Rich List 2023 released on Wednesday. As per the report, Byju Raveendran and his family are ranked 994th on the global list of Indian billionaires, having risen 1,005 positions in the past three years with a fortune of $3.3 billion. …

Byju’s in funding talks with TPG, sovereign funds as debt weighs
2 years, 1 month ago

Byju’s in funding talks with TPG, sovereign funds as debt weighs

Live Mint  

Byju’s is in negotiations with investors including TPG to raise more than $500 million, a much-needed capital infusion that could help the world’s most valuable edtech startup stave off potential debt issues. Several investment firms including TPG and two Middle Eastern sovereign wealth funds have begun due diligence on the Indian company, which is hoping to keep its valuation steady …

Byju’s founder Raveendran raising funds to raise his stake in firm
2 years, 2 months ago

Byju’s founder Raveendran raising funds to raise his stake in firm

Live Mint  

Byju Raveendran, the founder of the world’s most valuable edtech startup Byju’s, is in financing talks to lift his stake in the company to as high as 40%, people familiar with the matter said. Byju’s was valued at $22 billion the last time it raised funds, though the buyback may happen at a lower valuation, the people said, asking not …

Byju Raveendran writes about the ‘storm’ Byju’s survived in 2022
2 years, 2 months ago

Byju Raveendran writes about the ‘storm’ Byju’s survived in 2022

Live Mint  

Byju Raveendran summarised his feelings on the year 2022 by using a passage from the 2002 book Kafka on the Shore by Japanese author Haruki Murakami. That’s what this storm’s all about.” Byju's founder sent a year-end email to his staff members. However, the company broke records in terms of ambition and execution, creating India's largest physical distribution networks for …

Byju’s finalising plans for ₹8,000 crore IPO of Aakash Educational Services
2 years, 4 months ago

Byju’s finalising plans for ₹8,000 crore IPO of Aakash Educational Services

Live Mint  

India’s most valuable startup, online-education giant Byju’s, is finalizing plans for a $1 billion initial public offering of its tutoring business Aakash Educational Services, according to people familiar with the matter. The company is in talks with at least four foreign banks -- JPMorgan Chase & Co., Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley -- as well as …

Byju Raveendran pens emotional farewell note to sacked staff
2 years, 4 months ago

Byju Raveendran pens emotional farewell note to sacked staff

Live Mint  

Edtech unicorn Byju’s founder sought forgiveness from the 2,500 employees who are in the process of being fired by the edtech, as it pursues a plan to achieve profitability by the end of FY23. We are having to part ways with 2500 of our colleagues,” chief executive and founder Byju Raveendran wrote in an internal letter to employees on Monday. …

Edtech Firm Byju's Takes Rs 300 Crore Unsecured Loan From Aakash At A Rate Of 7.5 Per Cent
2 years, 4 months ago

Edtech Firm Byju's Takes Rs 300 Crore Unsecured Loan From Aakash At A Rate Of 7.5 Per Cent

ABP News  

Byju's, the world’s most-valued edtech firm has taken an unsecured loan of Rs 300 crore from Aakash Educational Services for its “principal business activities,” according to a report by Moneycontrol. “The board of directors of the company, in their meeting held on October 3, subject to the approval of members in general meeting, has given their approval for granting unsecured …

Byju’s borrows ₹300 cr from Aakash for ’principal business activities’
2 years, 5 months ago

Byju’s borrows ₹300 cr from Aakash for ’principal business activities’

Live Mint  

Byju's, world's most valuable edtech startup, is all set to take an unsecured loan of ₹300 crore from its subsidiary Aakash Educational Services for 'principal business activities.' In its latest filing with ministry of corporate affairs, Aakash Educational Services said that it is granting an unsecured loan of ₹300 crore to Think & Learn, which operates Byju's, which is subject …

Byju’s raises $250 mn through rights issue
2 years, 5 months ago

Byju’s raises $250 mn through rights issue

Live Mint  

Edtech major Byju’s has raised $250 million in a rights issue from its existing investors at a $22 billion valuation. Continued support from our esteemed investors re-affirms the impact created by us so far, and validates our path to profitability,” said Byju Raveendran, founder and chief executive of Byju’s. Besides these two, the Bengaluru-headquartered company is backed by Chan-Zuckerberg Initiative, …

Byju’s to fire 2,500 employees in next six months as it chalks out plan to become profitable
2 years, 5 months ago

Byju’s to fire 2,500 employees in next six months as it chalks out plan to become profitable

Firstpost  

Byju’s co-founder Divya Gokulnath told PTI that the company will start focussing on building brand awareness overseas through new partnerships and hire 10,000 teachers for India and overseas business New Delhi: Edtech major Byju’s has chalked out a plan to become profitable by March 2023 to optimise its marketing and operational cost, which will lead to retrenchment of 5 per …

Byju’s to fire 2,500 staff, designs mega plan to turn profitable by March 2023
2 years, 5 months ago

Byju’s to fire 2,500 staff, designs mega plan to turn profitable by March 2023

Live Mint  

Byju's announced on October 12 that it had planns to turn profitable by March 2023. In September, due to rising promotion and labour costs, The Tiger Global-backed edtech company recorded a loss of ₹4,588 crore for the 2021 fiscal year. Byju's has developed a plan to reduce its marketing and operating costs in order to turn a profit by March …

Byju’s clears $230 million dues to Blackstone for Aakash acquisition
2 years, 6 months ago

Byju’s clears $230 million dues to Blackstone for Aakash acquisition

The Hindu  

Edtech firm Byju’s has cleared $230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development. “Byju’s paid $230 million to Blackstone for acquiring a stake in Aakash,” the source told PTI. Payment to Blackstone and non-closure of $800 million …

BYJU's Clears Rs 2,000 cr Dues to VC Firm Blackstone in $1 bn Aakash Deal
2 years, 6 months ago

BYJU's Clears Rs 2,000 cr Dues to VC Firm Blackstone in $1 bn Aakash Deal

News 18  

Edtech major BYJU’s has finally paid the remaining dues of nearly Rs 1,983 crore to global VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services. According to BYJU’s financial report FY21, “as per the terms of the agreement for acquisition of Aakash Educational Services, consideration to the extent of Rs 1,983 crore was due to be paid …

Byju's clears USD 230 million dues to Blackstone for Aakash acquisition
2 years, 6 months ago

Byju's clears USD 230 million dues to Blackstone for Aakash acquisition

India TV News  

Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development. "Byju's paid USD 230 million to Blackstone for acquiring a stake in Aakash," the source told PTI. Payment to Blackstone and non-closure …

Byju’s shifts focus to profitable growth: CEO to employees
2 years, 6 months ago

Byju’s shifts focus to profitable growth: CEO to employees

Live Mint  

Days after reporting a loss of ₹4,564 crore in the 2021 fiscal, Byju's founder and CEO has told employees that India's most valuable startup has already started shifting focus toward profitable growth and revenue of USD 2 billion was within its sights. Byju Raveendran said the education provider clocked more than ₹1,000 crore in sales in each of the last …

Byju’s valuation makes no sense to Harsh Goenka; Kiran Mazumdar-Shaw agrees
2 years, 6 months ago

Byju’s valuation makes no sense to Harsh Goenka; Kiran Mazumdar-Shaw agrees

Live Mint  

One of India’s most valuable startups, Byju’s, has grabbed the attention of Harsh Goenka and Kiran Mazumdar-Shaw, but for all the wrong reasons. The numbers confused Goenka, who tweeted, “Byju’s revenues - 2,280 crore; Byju’s losses- 4,588 crore. Contrarily, Byju's claimed that revenue increased four-fold to ₹10,000 crore in the fiscal year ended March 31, 2022, but the company did …

Byju's May Raise $500 Million in Fresh Round of Funding Within a Week in Efforts to go Global
2 years, 6 months ago

Byju's May Raise $500 Million in Fresh Round of Funding Within a Week in Efforts to go Global

News 18  

Edtech firm Byju’s plans to raise Rs 3900 crore, which is roughly equal to $500 million in a fresh round of funding within a week, a report quoting sources privy to the development has said. The other overseas acquisitions of Byju’s include Singapore-based Great Learning for around $200 million and Austria’s mathematics operator GeoGebdra for approximately $100 million. Byju’s is …

India’s education-tech bubble goes pop
2 years, 8 months ago

India’s education-tech bubble goes pop

Live Mint  

Last week, local media broke the news that India’s largest ed-tech startup, Byju’s, was struggling to turn the page on an $800 million funding round unveiled in March. This isn’t the first time the Tiger Global and Chan Zuckerberg Initiative-backed company, valued at $22.6 billion according to private markets data provider Tracxn Technologies, has been in the news for the …

Why is Byju’s laying off employees and delaying payments?
2 years, 8 months ago

Why is Byju’s laying off employees and delaying payments?

Live Mint  

Bengaluru-based largest ed-tech company, Byju's, is in news for two very different reasons in two different countries. India's $22 billion firm is making headlines in India for joining the layoff bandwagon by announcing the termination of 500 employees in WhiteHat Jr, 1,100 in Toppr and reports suggest the number may be as high as 2500 across its group of companies. …

Byju's in talks to acquire Chegg or 2U, Evaluating US-Based Firms' Financials; Know More
2 years, 10 months ago

Byju's in talks to acquire Chegg or 2U, Evaluating US-Based Firms' Financials; Know More

News 18  

Edtech major Byju’s is in talks with US-based edtech firms companies, Chegg and 2U, to acquire either of them, according to a Bloomberg report. As part of its domestic expansion, Byju’s last year in April had acquired test-prep leader Aakash Educational Services for nearly USD 1 billion to build the start-up’s position in the brick and mortar segment. Later, in …

Byju Raveendran Now 3rd Richest Eduction Entrepreneur in the World. Know His Inspiring Story
3 years ago

Byju Raveendran Now 3rd Richest Eduction Entrepreneur in the World. Know His Inspiring Story

News 18  

Hurun Global Rich List 2022: Jumping 916 ranks over the last two years and with a wealth of US$3.3 billion, Byju Raveendran and family have been ranked as the 3rd third richest entrepreneur from the education sector in the world. This year, Byju’s acquired Aakash Educational Services for US$1bn, acquired Great Learning for US$600mn, and acquired US-based digital reading platform …

Byju Tale: Math Teacher from Kerala is Now Looking to Raise $600 Million from IPO
3 years, 6 months ago

Byju Tale: Math Teacher from Kerala is Now Looking to Raise $600 Million from IPO

News 18  

Byju’s, one of India’s most valuable start-ups is in talks to raise around $400 million to $600 million through an initial public offering. The latest on the matter indicated that the company has in fact accelerated its plans for the IPO and will likely make its debut sometime next year, according to a report by Bloomberg. The education start-up could …

Byju's in talks to raise up to $1.5 billion after acquisition spree
3 years, 7 months ago

Byju's in talks to raise up to $1.5 billion after acquisition spree

India Today  

India’s leading edtech company Byju’s is in talks with several investors to raise approximately $1-$1.5 billion at a valuation of nearly $21 billion. The online tutoring company, which is the country’s most valuable startup, is reportedly seeking a 27 per cent jump from the earlier valuation of $16.5 billion, at which the company raised funds in June. In the past …

Byju's acquires US-based digital reading platform Epic for $500 million
3 years, 8 months ago

Byju's acquires US-based digital reading platform Epic for $500 million

India Today  

India’s most valuable startup Byju’s has acquired US-based digital reading platform Epic to strengthen its grip on the edtech sector. Byju’s has sealed a $500-million deal for the acquisition to boost its position in the US by providing access to more than two million teachers and 50 million kids in Epic’s existing global user base. “The alignment of our missions …

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