BYJU’s has raised Rs. 3,328 Crore in a Series F Funding Round
Bengaluru-headquartered ed-tech unicorn BYJU’s has raised Rs. 3,328 Crore ($460 Million) in a Series F Funding Round, making it the second most valued Startup in India. The funding round was led by MC Global Edtech Investment Holdings, and other investors who participated included Baron Global Advantage Fund, Baron Emerging Market Fund, Tiga Investments, TCDS India LP, XN Exponent Holdings and Arison Holdings. This funding brought the total valuation of the company to $13 billion. After this funding, MC Global will now be holding 1.73 percent of stakes in the company. With this funding, BYJU’s became the highest valued startup in the ed-tech segment in the world. It also has a significantly large number of users, the company claims that it acquired 25 million users to its platform in the first four months of the pandemic, i.e. March 2020 – November 2020, bringing its user base to a total of 75 Million and 4.2 paid users. With this round of funding and the acquisition of Aakash, BYJU’s plans to expand its horizons in the offline education network.