Less than two months after it raised $500 million in a financing round, edtech decacorn Byju's is learnt to have closed $200 million in a fresh round of funding. This has lifted the Bengaluru-based firm’s valuation to $12 billion - close to $1 billion higher when compared with the previous round.
Sources close to the development said private equity players such as BlackRock and T Rowe Price participated in the new round. While BlackRock is an existing investor in Byju’s, T Rowe joined as a new investor.
A Byju’s spokesperson declined to comment on the development. BlackRock and T Rowe