Byju’s to raise $200 million from BlackRock, T. Rowe
Summary
Byju’s is close to raising $200 million from BlackRock and T. Rowe Price at an implied valuation of about $12 billion. The Bengaluru-based edtech firm previously raised $500 million in September and has seen its valuation climb significantly since January. The platform reports over 73 million registered students, 5.1 million annual paid subscriptions, and added more than 25 million users during lockdown. Byju’s is pursuing international expansion and strategic inorganic growth and says it has the option to pursue an IPO, though no timeline is set.
Funding
Amount
$200.0M
Total raised
Date
November 23, 2020
Announcement date
Investors
T. Rowe Price, Owl Ventures, BlackRock, Sands Capital Management, Silver Lake, Tiger Global Management, General Atlantic
Lead investors
Company
byjus.com
Funded company
Classifications
industries
Fintech & Banking
applications
EduTech - learning
AskAI Classifications
Labels
EdTech Software
SaaS
Mobile Apps
Linked Companies
BYJU'S
$500M to $1B