Byju's raises $122 mn from Israeli-Russian billionaire Milner's DST Global

Education technology company Byju’s has raised $122 million from Israeli-Russian billionaire Yuri Milner's investment fund DST Global. The financing is part of its ongoing funding round.

Byju’s is allotting 42,666 Series F preference shares at an issue price of Rs 213,042.13 per share, show regulatory filings, according to Entrackr, a new age media platform, which reported about Byju’s latest fundraising on Wednesday. Byju’s was reportedly in talks with DST to raise around $400 million and the new financing could be a part of those efforts, according to sources.

However, there has been no change in Byju’s valuation after this funding,