Bengaluru-based firm, edtech decacorn Byju’s is learnt to have raised $200 million in a fresh round of funding. This has lifted the Bengaluru-based firm’s valuation to $12 billion, about $1 billion more since the previous round. Sources close to the development said private equity players BlackRock and T Rowe Price also participated in the new round. While BlackRock is an existing investor in Byju’s, T Rowe has joined as a new investor.
Byju’s raises $200 mn in fresh funding; valuation surges to $12 bn
Date posted: Monday 23 November 2020