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The Silicon Review Asia

Byju's Receives Fresh Funding From Investors, Valuation Possibly Rises to $22 Billion

Byju's Receives Fresh Funding From Investors, Valuation Possibly Rises to $22 Billion

The company's Founder and CEO, ByjuRaveendran infused about $400 million into this round in personal capacity

The edtech giant Byju's has raised $800 million in fresh funding from investors including Sumeru Ventures, Vitruvian Partners, and BlackRock. The company's Founder and CEO, ByjuRaveendran, infused about $400 million into this round in personal capacity.

A person familiar with the fresh funding said that this investment brings up the valuation of Byju's up to $22 billion. The company is currently backed by a stellar group of investors, including BlackRock, Alkeon Capital Management, Bond Capital, Aarin Capital, Chan Zuckerberg Initiative, CPPIB, IFC, Prosus, General Atlantic, Lightspeed Venture Partners, Owl Ventures, Qatar Investment Authority, Sands Capital Management, Sequoia Capital, Silver Lake, Sofina, Sumeru Ventures, Tencent, Tiger Global, Times Internet, Verlinvest and Vitruvian Partners.

"We continue to witness accelerated growth in India and international markets through both organic and inorganic routes. Our sustained focus is on achieving our long-term goals around creating life-long value for our learners. Our aspiration is to build something that will last for decades," said ByjuRaveendran.

The Bengaluru-based edtech company offers a phenomenal learning experience through tools that delve into mobile, interactive content, and learning methodologies. Byju's truly makes learning fun through its geography-agnostic solutions and over 12,000 teachers who work to make learning an engaging experience for kids. 

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