BYJU'S Brings in $200 million in Fresh Funding

CIOReviewIndia Team | Monday, 23 November 2020, 08:47 IST

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BYJU'S Brings in $200 million in Fresh Funding

BYJU’S has been reported to raise $200 million in a fresh funding round from private equity firms – BlackRock and T. Rowe Price. This means that the online education startup is not valued at USD 12 billion. 

 

BYJU’S has raised more than $2.3 billion from investors in 18 funding rounds so far in the latest round, wherein, BlackRock, as existing investor, participated along with T.Rowe Price, which has joined as a new investor. 

Adding over 25 million new students to its platform,  BYJU’S has witnessed a stellar growth since the lockdown.    With 4.5 million annual paid subscriptions, the app had more than 70 million registered students as of date. While also earning its decacorn status,  the renewed investor interest also propelled the company into India’s second-most valuable startup. 

As per the Hurun India Unicorn Index 2020.BYJU’S has further narrowed its valuation gap with digital payments platform Paytm, which presently enjoys a valuation of USD 16 billion with the latest funding. 

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