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Byju's to raise more than $2 billion funds, says report

Byju's to raise more than $2 billion funds, says report

By CNBC-TV18 Sept 3, 2018 5:23:08 PM IST (Published)

Byju's is planning to raise $200-$300 million funds from two investors-private equity firm General Atlantic and Singapore government-owned Temasek Holdings.

Digital learning startup Byju's is in talks to raise $200-$300 million funds from two private equity investors namely, General Atlantic and Singapore government-owned Temasek Holdings, reported Mint quoting sources.

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The deal will raise the valuation of Byju's to $2.2-2.4 billion and is expected to be finalised in the next few weeks, the report said.
The Bengaluru-based tech startup will double the value from its previous round, and cement its status as one of the breakout startups from India in the past five years if it manages to raise the funds at $2 billion-plus valuation, the daily said.
In July, Byju's had raised $40 million from Tencent, months after raising $30 million from Verlinvest, the daily said, adding that since 2008, the tech startup has raised $240 million from Tencent, Sequoia Capital, Lightspeed Venture Partners, Chan Zuckerberg Initiative, among others.
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