Indian edtech giant Byju’s valued at $18 billion in new funding
https://techcrunch.com/2021/10/04/indian-edtech-giant-byjus-valued-at-18-billion-in-new-funding/
Byju’s has raised about $300 million as part of a larger round of new investment as the Indian edtech giant focuses on expanding its international business and aggressively explores merger and acquisition opportunities.
A filing, supplied to TechCrunch by research firm Tofler, showed that the new investment values the startup at $18 billion, up from a valuation of $16.5 billion in June this year. At $16.5 billion valuation, Byju’s had already surpassed fintech giant Paytm for the tentpole position in India’s startup ecosystem.