Covid-19 pandemic helped Byju's become a decacorn, cross $10.5 bn valuation

In response to schools being shut down due to Covid-19, Byju's made content on its learning app free for all students

The Covid-19 pandemic helped edtech company Byju’s to become a decacorn and cross $10.5 billion valuation after raising new funding of less than $100 million from Silicon Valley investor and analyst Mary Meeker's Bond Capital. Byju's is rapidly narrowing the gap to become the most valuable startup in the country after digital payments firms Paytm, which is valued at around $16 billion. It has overtaken budget hospitality company Oyo, which was last valued at $10 billion. Before that, in January it replaced ride-hailing firm Ola as the third-largest unicorn after a funding round from Tiger Global Management, where its valuation