Home » Funding News Edtech Unicorn BYJU'S Valuation Hits $4 Bn Mark With $328 Mn Funding

Edtech Unicorn BYJU'S Valuation Hits $4 Bn Mark With $328 Mn Funding

Updated on : Dec 12,2018

Bengaluru-based edtech unicorn BYJU'S has raised a mammoth $328 Mn (INR 2,322.18 Cr) in Series F funding from Canada Pension board's investment arm CPPIB Investment Board Private Holdings, Naspers Ventures BV and General Atlantic Singapore TL Pvt Ltd. Prior to this round BYJU'S had raised approximately $244 Mn (INR 1,762.65 Cr) since 2008.

With this round BYJU'S valuation has touched $4 Bn (INR 28,918 Cr) according to data platform Paper.vc and Inc42 sources. BYJU'S entered the unicorn club in March this year.

According to Ministry of Corporate Affairs filings accessed by Inc42, here's the breakdown of the funding round:

The company's investors include Tencent, Chan-Zuckerberg Initiative, Verlinvest, Sequoia Capital, Lightspeed Venture Partners, Aarin Capital and others.

Reports of the funding round have differed on the final numbers. According to an ET report BYJU'S raised $400 Mn (INR 2,892 Cr), at a valuation of $3.6 Bn (INR 26,028 Cr). However a Livemint report, said that it has secured $400 Mn(INR 2,892 Cr) at a valuation of "nearly $4 Bn (INR 28,923 Cr)."

The company was founded in 2008 by Divya Gokulnath and Byju Raveendran. The platform offers a learning app, which was launched in 2015 and has learning programmes for students in classes IV-XII along with courses to help students prepare for competitive exams like JEE, NEET, CAT, IAS, GRE, and GMAT.