Business growth driving Byju’s valuation: CEO Byju Raveendran
Byju Raveendran, a newly minted billionaire, on how Byju?s plans to deploy the fresh funding and whether the company will go for an IPO in a few years
- Because the business has almost doubled in the last six months, naturally the valuation went up.
- The valuation growth that you see over the last 13-16 months, that’s proportionate to the business growth.
- We’ll end the year at ₹1,400-1,500 crore, up from ₹500 crore last year.
- It’s not that (Naspers and CPPIB) were the only two investors to qualify for (the fundraise), it’s also based on things like who had the flexibility in terms of their minimum cheque-size requirement, etc.