With the latest funding round, Byju’s has further narrowed its valuation gap with digital payments platform Paytm, which presently enjoys a valuation of $16 billion.
Edtech decacorn Byju’s has reportedly raised $500 million in a fresh funding round from private equity (PE) players BlackRock and T. Rowe Price. This has elevated the online education startup’s valuation to $12 billion, around $1 billion more since the earlier round in September where it raised $500 billion from a group of investors comprising PE firm Silver Lake Partners, Tiger Global, General Atlantic, and Owl Ventures at a valuation of $10.8 billion.
Sands Capital, Alkeon Capital, and BlackRock joined as new investors, in the same round later with Byju’s valuation reaching $11.1 billion.
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