your password has been reset successfully, Please login again.

Byju, the Ed-Tech Company, Now Values Over INR 37,000 Crore

- After the fresh round of funding, BYJU, the private education technology company, has become the fourth giant Indian Internet company
BY BEx Bureau
BusinessEx
Mar 22, 2019

After the fresh round of funding Byju, the private education technology company, has become the fourth giant Indian Internet company. The companys valuation has spiked over INR 37,000 crore after the existing investor, General Atlantic, endowed $25 million in the venture, as reported by the Indian daily news.

This funding will make Byjus founder, Raveendran, who holds a stake in the company, one of the richest new generation entrepreneurs. More so, the ed-tech company, Byju has become a major company wherein the founders, Raveendran, his wife, DivyaGokulnath, and brother, Riju, hold more than 30 per cent stake.

Byjus valuation plunges upward after the company got valued $3.6 billion in December last year. In the last round of funding, Naspers Ventures and CPPIB endowed money in the ed-tech company.

Following the major funding round held by Byju, Sameer BrijVerma, Managing Director at Nexus, apprised that the investors are now displaying interest in the Indian ed-tech industry, as reported by the Indian daily news.

I think this is a very positive development for the ecosystem and showcases that investors are valuing the opportunity in the Indian ed-tech. Byjus has also built a good brand along with strong revenue traction over the years, said Sameer BrijVerma.

Byju, the ed-tech company, unveiled that it has been soaring by 100 per cent for last three consecutive years and aims to reach INR 1,400 crore by the end of FY19, as reported by the Indian daily news.

Please add your Comment
SIMILAR News
April 18, 2019
The acquisition will incorporate an advanced cash consideration of INR 32 crore (ZAR 65 million) ...More
By Jaspreet Kaur
April 18, 2019
The online footwear company said that it will be using the garnered capital to hire experienced prof ...More
By Jaspreet Kaur
April 17, 2019
APL Apollo, an Indian steel manufacturer, has confirmed reports of acquiring a manufacturing unit of ...More
By Jaspreet Kaur
April 17, 2019
TA Associates, an American private equity firm has obtained a small portion of shares in the Indian ...More
By Jaspreet Kaur
April 16, 2019
The California-based Wibmo will operate as a wholly owned subsidiary of PayU ...More
By Jaspreet Kaur
April 16, 2019
CureFit is actively acquiring companies to expand its business for almost a year now ...More
By Jaspreet Kaur
April 12, 2019
The microcredit company, Sindhuja Microcredit, is the new generation financing firm which caters fin ...More
By Jaspreet Kaur
April 12, 2019
By initiating the wellness company, Deish and Mohammed aim to become a one-step solution of women hy ...More
By Jaspreet Kaur
April 11, 2019
International Finance Corporation (IFC), a sister company of World Bank, has decided to endow money ...More
By Jaspreet Kaur
April 11, 2019
The Indian IT giant, Tech Mahindra will acquire 18.1 per cent stakes in Vitaran Electronics and Info ...More
By Jaspreet Kaur
April 10, 2019
The online investment market is a forthcoming theme in fintech (financial technology) sector ...More
By Jaspreet Kaur
April 10, 2019
Owing to the cut-throat competition prevailing in the e-commerce sector, the small etailer, Shopclue ...More
By Jaspreet Kaur