BYJU’S funding streak continues – valuation hits $10.8 billion with fresh funds from Silver Lake
- The startup has just raised $500 million from US-based private equity firm Silver Lake, which has bumped up its valuation to $10.8 billion.
- This year alone, BYJU’S has raised $1 billion.
- BYJU’S currently has over 64 million registered students on its platform – with over 20 million added during the lockdown.
AdvertisementIndian edutech decacorn BYJU’S has raised $1 billion so far in 2020. The startup has just raised $500 million from US-based private equity firm Silver Lake, which has bumped up its valuation to $10.8 billion.
The funding round also saw participation from BYJU’S existing investors – Tiger Global, General Atlantic, and Owl Ventures.
“We are fortunate to be in a sector of positive relevance during this crisis. This has brought online learning to the forefront and is helping parents, teachers and students experience and understand its value. Our classrooms are changing possibly for the first time in 100 years and I’m really excited about the opportunities that we have to redefine the future of learning,” said Byju Raveendran, Founder & CEO, BYJU’S.
|Investment co.||Amount||Funding in 2020|
|Tiger Global||$200 million||January|
|General Atlantic||$200 million||February|
|DST Global||$122 million||August|
|Silver Lake`||$500 million||September|
BYJU’S currently has over 64 million registered students on its platform – with over 20 million added during the lockdown.
The Raveendran-led startup, which recently acquired coding company White Hat Jr for $300 million, is also eyeing overseas expansion. BYJU’S and White Hat Jr are gearing up for launch in six new countries– UK, Australia, New Zealand, Singapore, and Germany.
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