Byju's valuation increases to $11.1 bn after latest funding round

Byju's has seen tremendous growth in the last few months. Since the lockdown, it has added over 25 million new students on its platform

Byju’s, an edtech company, has raised a new round of funding from BlackRock, Sands Capital and Alkeon Capital. Existing investors General Atlantic, Owl Ventures and Tiger Global are also participating in this round. According to the sources, the funding is part of the $500 million financing round led by Silver Lake earlier this month. However, according to the sources, the valuation of the Bengaluru-based firm has now increased to $11.1 billion from  $10.8 billion.
 

Though the company confirmed the development, it declined to reveal the amount and the valuation.
 

“We are excited to welcome Blackrock, Sands Capital and Alkeon as