BYJU’S funding

byjus funding

After the latest round of funding, BYJU’S – the EdTech unicorn has surpassed the FinTech giant from India, Paytm.

With a post-money valuation of $16.5 billion, BYJUS raised $350 million from Phoenix Rising, Abu Dhabi State fund, Eric Yuan – the founder of Zoom, Blackstone, and UBS Group, revealed from regulatory filings.

Meanwhile Paytm is targeting a post-IPO valuation of more than $25-30 and is currently valued at $16 billion. According to startup intelligence firm CB Insights, PayTm and BYJUS are the only two Indian startups to feature in the top 20 startup unicorns across the globe.  

To date, BYJUS has raised $2 billion in funding from investors like Mary Meeker’s Bond Capital, Yuri Milner, Chan-Zuckerberg Initiative, Tencent, Sequoia Capital, Tiger Global, Silver Lake, and Owl Ventures.

Back in January 2020, when BYJUS secured the $200 million from Tiger Global at a post-money valuation of $8 billion, its valuation doubled.

Pandemic and the post-pandemic situation has picked up online learning with massive traction. BYJUS’s user base has grown to 80 million with 5.5 million paid subscribers. The course renewal rate stands at 86% and that’s just because of high quality.

During the first six months of the pandemic, BYJUS had added 45 million users to the platform, primarily from TIER-III and TIER-II towns.

While establishing its end-to-end learning play globally, it has scooped up major US-based and Indian startups through its acquisition spree for the last 6 to 7 months.

Moreover, the $1 billion acquisition of Aakash Educational Services Ltd (AESL), the offline test prep service provider with 215 physical coaching centers was an ace.

BYJU’S founder and CEO, Raveendran believes, “The future of learning is hybrid and it will bring together the best of offline and online learning, as we combine our expertise to create impactful experiences for students.”

BYJUS is in the process of acquiring a $150 million buyout of K-12 learning startup Toppr. This deal will provide BYJUS with the necessary teeth it requires in the live tutoring space.

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

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