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Churchill Capital in talks with Byju's to provide $4 bn at $48 bn valuation

The edtech major has raised about $4.5 billion since it was founded 10 years ago

Photo: Bloomberg

Byju Raveendran | Photo: Bloomberg

Peerzada Abrar Bengaluru
The world’s most valuable edtech start-up Byju’s is in talks with Churchill Capital to raise $4 billion and go public through the special purpose acquisition company (SPAC) route.

The round is expected to more than double the valuation of the Bengaluru-based firm to about $48 billion, according to people familiar with the matter. The Byju Raveendran-led firm is currently valued at $21 billion, the first domestic start-up to reach the mark.

“Byju’s has an offer of $4 billion from Churchill Capital at a $48-billion valuation,” said a person in the know. “The company is yet to decide whether to accept

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First Published: Dec 16 2021 | 6:30 PM IST

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