Byju's raises $250 mn from existing investors, valuation remains at $22 bn

Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, growth and profitability

Byju’s has raised $250 million from its existing investors as the educational technology (edtech) giant targets profitability by March next year.

The valuation of the Bengaluru-based firm remains at $22 billion, informed sources. Existing investors who have invested in this round include Qatar Investment Authority (QIA).

Byju’s has raised a total funding of $5.5 billion from investors like Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, General Atlantic, Tiger Global, and QIA. The firm has over 150 million learners.

“We are in that sweet spot of our growth story where unit economics and the