HomeStartup NewsEdtech firm Byju's raises Rs 909 crore from DST Global

Edtech firm Byju's raises Rs 909 crore from DST Global

Edtech player Byju's on Wednesday has raised more funding as part of its ongoing Series F round, raising Rs 909 crore from DST Global.

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By CNBC-TV18 September 2, 2020, 1:51:40 PM IST (Updated)

Edtech firm Byju's raises Rs 909 crore from DST Global
Edtech player Byju's on Wednesday has raised more funding as part of its ongoing Series F round, raising Rs 909 crore from DST Global. DST Global is an investment firm led by Israeli-Russian billionaire Yuri Milner.


As per regulatory filings sourced from paper.vc, Byju's, in a virtual general meeting on August 19, issued shares to DST Asia, DSTG VI Investment and DSTG VII Investment, funds run by DST Global. The company in its filing said it intends to raise Rs 908.96 crore.

Also read: Amid COVID-19 crisis, this e-learning company says will hire 300 professionals in 6 months

The company had recently raised funding from Silicon Valley investor Mary Meeker's fund BOND capital, which valued the company at over $10 billion. Before that, Byju's had already raised nearly $500 million at the beginning of the year from Tiger Global and General Atlantic.

Byju's recently made a $300 million cash acquisition of online coding learning platform WhiteHat Jr. The company said it has 64 million students cumulatively learning from the app, and has 4.2 million annual paid subscriptions.

Also read: Toppr raises Rs 350 crore in Series D from Foundation Holdings

The edtech sector has seen massive cheques in recent months due to the spike in online learning during the lockdown and the pandemic. Unacademy, Vedantu, Topper have all raised huge fundings this year.
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