Business Standard

Monday, February 03, 2025 | 08:46 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn

In June 2021, Byju's became India's most valuable unicorn

Byju's
Premium

The start-up is also on an acquisition spree in India and globally

Peerzada Abrar Bengaluru
Edtech firm Byju’s has raised $800 million (about Rs 6,000 crore) in the latest funding round, with founder and Chief Executive Officer Byju Raveendran contributing half of it. Sumeru Ventures, Vitruvian Partners, and BlackRock also participated in this round, taking the Bengaluru-based company’s valuation to about $22 billion from $18 billion earlier, according to people familiar with the matter.

After making a personal investment of $400 million in the company, Raveendran’s stake has jumped from 22 per cent to about 25 per cent, sources said.

Byju’s, the world’s most valuable edtech company, is focussing on expanding its business in global

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in