BYJU ’S, which is already the world’s most valuededtech 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.
The development was first reported by $4.
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. The 10-year old company, founded by Byju Raveendran, is set $4offline 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 $4 in January.
BYJU’S claims to have as many as 80 million users and 5.5 million annual paid subscriptions.
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