Edtech firm Byju’s valuation crosses $5-bn mark with new funding

Date posted: Friday 22 March 2019

Edtech company Byju’s has raised an additional funding of $31 mn (around Rs.214 crore) in a financing round led by US-based growth equity investor General Atlantic (GA), along with Chinese internet giant Tencent. The investment takes the valuation of the Bengaluru-based company to over $5 bn, from $3.6 bn when it raised $540 mn in a funding round led by South African conglomerate Naspers in December. Canada Pension Plan Investment Board (CPPIB) had also participated in that round.

(Business Standard)