Deal Street: This Startup’s Valuation Jumped By A Fourth In Three Months
26 March 2019 8:06 AM GMT
Six Indian startups raised around $340 million in angel, seed or venture capital funding last week.
- Byju’s raised $31.3 million (around Rs 215 crore) in a fresh fundraising from existing investors General Atlantic and Tencent Holdings Ltd.
- The startup had last raised $400 million in a funding round led by Naspers in December 2018, valuing the firm at about $3.6 billion.
- It has investors such as Tencent, Verlinvest, Chan-Zuckerberg Initiative, Sequoia Capital, Lightspeed Venture Partners and Aarin Capital, among others.
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