Byju’s plans to reise $150 mn from new, existing investors
Ed-tech startup Byju’s is in discussions with new and existing investors to raise more than $150 million.
Citing three people aware of the development, the report said the new funding round may value Byju’s around $1.8-2 billion.
The company had last raised funds in July 2017 from Chinese internet conglomerate Tencent.
Run by Bengaluru-based Think and Learn Pvt. Ltd, Byju’s is the most well-funded ed-tech startup in India, having raised around $200 million till date.
Besides Tencent, the ed-tech startup counts the Chan Zuckerberg Initiative, Belgian family office Verlinvest and the World Bank’s private-sector investment arm, the International Finance Corporation, among its investors.