Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn

In June 2021, Byju's became India's most valuable unicorn

Edtech firm Byju’s has raised $800 million (about Rs 6,000 crore) in the latest funding round, with founder and Chief Executive Officer Byju Raveendran contributing half of it. Sumeru Ventures, Vitruvian Partners, and BlackRock also participated in this round, taking the Bengaluru-based company’s valuation to about $22 billion from $18 billion earlier, according to people familiar with the matter.

After making a personal investment of $400 million in the company, Raveendran’s stake has jumped from 22 per cent to about 25 per cent, sources said.

Byju’s, the world’s most valuable edtech company, is focussing on expanding its business in global