Edtech firm Byju's valuation crosses $5-billion mark with new funding

Investment from GA, Tencent to help in international play

Edtech company Byju’s has raised an additional funding of $31 million (around Rs 214 crore) in a financing round led by US-based growth equity investor General Atlantic (GA), along with Chinese internet giant Tencent.

The investment takes the valuation of the Bengaluru-based company to over $5 billion, from $3.6 billion when it raised $540 million in a funding round led by South African conglomerate Naspers in December. Canada Pension Plan Investment Board (CPPIB) had also participated in that round.

According to regulatory documents sourced from business signals platform paper.vc, GA had invested another Rs 173 crore, while Tencent invested Rs