+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeNewslettersNextShare
 

Indian edtech startup BYJU’S may be worth $15 billion in another week

Mar 25, 2021, 17:31 IST
Business Insider India
BCCL
  • BYJU’S, which is already the world’s most valued edtech company, is in talks to raise as much as $700 million in another funding round.
  • The latest news comes as BYJU’S has already raised $1.2 billion in 2020, and the company’s last reported valuation was $12 billion.
  • BYJU’S is reportedly going to use the funds for further acquisitions.
Advertisement
Bengaluru-based edtech startup BYJU’S, which is already the world’s most valued edtech company, is in talks to raise as much as $700 million in another funding round. The investment will be led by investors in the US and the Middle East.

The development was first reported by Entrackr.

The latest news comes as BYJU’S has already raised $1.2 billion in 2020, and the company’s last reported valuation was $12 billion.

Complimentary Tech Event
Discover the future of SaaS in India
The 6-part video series will capture the vision of Indian SaaS leaders and highlight the potential for the sector in the decades to come.Watch on Demand
Our Speakers
Investment co.AmountFunding in 2020
Tiger Global$200 millionJanuary
General Atlantic$200 million February
BOND$23 millionJune
DST Global $122 millionAugust
Silver Lake $500 millionSeptember
T Rowe, BlockRock$200 millionNovember

BYJU’S is reportedly going to use the funds for further acquisitions. The 10-year old company, founded by Byju Raveendran, is set to acquire offline coaching institute Aakash Educational Services for a whopping $1 billion. If the deal goes through, it will become one of the biggest edtech deals in the world.

While BYJU'S hasn’t made any comments on the matter, Aakash Educational Services Limited (AESL) had confirmed that it is in talks with Byju's for building a strong partnership. "Putting these speculations to rest, we would like to state that AESL is on a mission to build India's largest digitally-enabled, omni-channel education company. We will accelerate our digital transformation and deliver phenomenal value to our students. We will rapidly expand our omni channel & digital offerings, as we embark on the next trajectory of quality education & growth," the company had said in January.
Advertisement


BYJU’S claims to have as many as 80 million users and 5.5 million annual paid subscriptions.


SEE ALSO:
India’s vaccine king Adar Poonawalla will pay $69,000 a week to live on the same neighbourhood as Winston Churchill once did
Dream11 parent co raises $400 million from Netflix, Airbnb investor – valuation doubles to $5 billion


Next Article