Byju’s Raises $1 Billion in Series F Financing Round

Bengaluru: Edtech giant Byju’s has raised over $1 billion (Rs 7,536 crore) from investors including Baron Funds, B Capital Group, and XN Exponent Holding, Tofler said citing filings.

This tranche takes its total fundraising from the Series F round to $1.5 billion, valuing the company at $15 billion, sources told The Economic Times.

Byju’s raised Rs 912 crore in the first tranche from BlackRock and T Rowe Price in December 2020, and $460 million (Rs.3,328 crore) in the last month as the second tranche from MC Global Edtech Investments Holdings and others.

The company’s early backers include Lightspeed Venture Partners, Qatar Investment Authority, Owl Ventures, General Atlantic, Tiger Global, Tencent, Verlinvest, and Sofina.