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Byju's valuation jumps to $2 bn after General Atlantic's $100 mn infusion

Deal involves single tranche for 5% stake, marks GA's first investment in education space

BYJU's founder and Chief Executive Officer Byju Raveendran
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BYJU's founder and Chief Executive Officer Byju Raveendran

Pavan Lall Mumbai
Online tutoring start-up Byju’s valuation has reached $2 billion following a $100 million investment by private equity player General Atlantic India in a single tranche for a 5 per cent stake sources aware of the deal confirmed.

The transaction marks GA's first investment in the education space. Founded three years ago, Bengaluru-based Byju’s led by CEO Byju Raveendran, is India’s largest education technology startup and has crossed the Rs 1 billion monthly revenue mark. Byju who is a mechanical engineer by training is looking to close the fiscal year with a revenue target of Rs 14 billions. The firm which
Topics : Byju's

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First Published: Sep 28 2018 | 9:23 PM IST

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