Byju’s Raises $500 Million at $22 Billion Valuation

Byju’s is an Indian leading company focused on educational technologies. It provides personalized learning programs for students of K-12, LKG, and UKG, as well as for exams such as JEE, NEET, and IAS. Moreover, Byju’s is a school learning app developer.

The funding round is still in progress. The led investor of the round potentially will be International Holding Company. Among other potential investors are Qatar Investment Authority (QIA), which is in talks to invest from $250 to $350 million, and Abu Dhabi’s sovereign wealth funds. This year Byju’s and QIA launched an edtech business and research and development center in Doha.

Byju’s was founded in 2011 by Byju Raveendran and Divya Gokulnath. They started by making video learning programs for students. In 2015 the company entered Deloitte Technology Fast 50 India and Deloitte Technology Fast 500, Asia Pacific. Then, in the same year, the Byju App was launched. Due to the pandemic, the company was able to accelerate its growth and bought Akaash and Great Learning. Future funding is planned to be spent on growth and acquisitions. “Byju is in talks with the royalty at UAE. They are keen on India and the edtech story. ADQ is also an existing investor, so there is comfort. It’s not yet clear which Abu Dhabi investment vehicle will come in,” a person close to the development.

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