Byju Valuation Reaches $3.6B After $540M Funding
17 Dec 2018 1:50 PM GMT
Byju raises approximately $540 million in its latest funding round which more than doubled its valuation and boosted its global expansion with a value of $3.8B.
- Byju, an India-based educational startup, has reported to successfully raise over $400 million in funding in just a single round.
- The funding round was led by Naspers which is an investment firm that is also quite famous for backing up Tencent and other educational firms like Codecademy, Udemy, Brainly and many more.
- Apart from this, there were also some secondary share sales that contributed to the total valuation of Byju.
- In addition to this, expansion of Byju will also be led by the release of the new services at the initiation of local academic years.
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