Byju's Raises $800 mn in Funding led by Byju Raveendran

Byju’s has raised $800 million in a funding round led by the founder and CEO Byju Raveendran, who contributed half of the total amount raised in the funding. Other than him, Sumeru Ventures, Vitruvian Partners and BlackRock also participated in the funding round.

The ed-tech company has raised fresh funds at an enterprise value of $22 billion. Byju’s is also planning its initial public offer in the next 9-12 months. The founder and CEO of Byju’s, Byju Raveendran is also part of the fundraise and has made a personal investment o $400 million in the company.

Byju Raveendran said, “ We continue to see accelerated growth in India and international markets with both organic and inorganic routes. Our sustained focus is on achieving our long term goals around creating life-long value for learners. Our aspiration is to build something that will last for decades.”

He further said that the ed-tech sector in India has the potential to create global champions by solving the trilemma of cost, quality and scale. He also said that the company will continue to invest in multiple learning models to provide students with quality education across the world. 

It claims to have more than 150 million learners on its platform with an annual renewal education across the world.