BYJU's valuation crosses $5 B with new funding round
21 March 2019 6:21 AM IST
Edtech platform BYJU's has raised funds from existing investors General Atlantic and Tencent, taking its valuation to over $5 billion.
- Also read: BYJU'S operator Think & Learn raises funds from General Atlantic, TencentAccording to the company's filings with the RoC, General Atlantic Singapore acquired 15,187 shares Series F Compulsory Convertible Cumulative Preference Shares at a premium of Rs 1,14,060 per share.
- Prior to the recent funding rounds, the startup had raised $400 million from Canada Pension Plan Investment Board (CPPIB), Naspers Ventures, and General Atlantic, along with other investors.
- Some of its prominent investors include Sequoia Capital, Sofina, Naspers, Chan Zuckerberg Initiative, and Aarin Capital.
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