Byju's in talks to raise up to $700 mn, valuation may cross $15 bn

The funding is expected to help Byju's to fund its acquisitions, including the up to $700 million deal to buy Aakash Educational Services, according to sources

Edtech start-up Byju’s is in talks to raise $500-700 million from new and existing investors in a fresh funding round, which, if successful, would lift the Bengaluru-based firm’s valuation to about $15 billion from $12 billion at present, sources close to the development said. 

Byju’s is closing in on Paytm, which is the most valuable start-up in the country with a valuation of about $16 billion. 

According to people in the know, Byju’s is in discussions with new investors based in the US and West Asia such as Baring Partners and B Capital, and Malaysia’s sovereign wealth fund Khazanah Nasional.