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Edtech unicorn Byju’s raised Rs 2,200 crore in new capital from investors

Byju’s, an edtech business, just raised Rs 2,200 crore in new funding. Oxshott Capital Partners, based in New York, provided the most recent capital. According to regulatory records obtained by Tofler, the company invested Rs 1200 crore in a Series F transaction at a price of Rs 285,072 per share. Edelweiss, which contributed Rs 344.9 crore, IIFL, which invested Rs 110 crore, Verition Multi-Strategy Master Fund, which invested Rs 147 crore, and XN Exponent Holdings, which invested Rs 150 crore, are among the other investors. Byju’s has received the largest cheques yet from investors as the demand for online learning has increased. In June of this year, Byju’s raised $1.5 billion from UBS Group, Abu Dhabi sovereign fund ADQ, and Blackstone Group. After two months, the company secured $1 billion at a valuation of roughly $15 billion from investors led by Baron Funds, Facebook co-founder Eduardo Saverin’s B Capital Group, and US-based hedge fund XN Exponent Holding.

 


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