With this, Bjyu's, which is currently valued at around $11 billion, has already acquired half a dozen apps in edtech platforms in a bid to become a super app in the edtech space
US-based global technology fund has already committed to over $2 billion investment in the country this year
Byju's has received investments from Mary Meeker and Yuri Milner, and now from private equity firm Silver Lake, taking valuation close to $11 bn. In an interview, the CEO tells us what all this means
Byju's is rapidly narrowing the gap to become the most valuable startup in the country after digital payments firm Paytm, which is valued at around $16 billion
Global rating and research houses, such as Fitch and Goldman Sachs, have cut their estimates for growth in India's GDP for the current fiscal 2020-21.
The list covers five sectors including finance, technology, health, government/politics and media/entertainment
Beijing has added 23 technologies to its list of regulated exports; move could affect start-ups that have IP co-creation as part of investment deal with Chinese VC investors, say experts
However, there has been no change in Byju's valuation after this funding
Start-ups jostle to tap India's $180-billion education sector as Covid-19 forces learning to go online
Unacademy, Patanjali also among Indian contenders; Byju's and Dream11 too enter bids
After the blockbuster sale of WhiteHat Jr for $300 million to Byju's, the former's founder Karan Bajaj said he is a 'wanderer' who will neither go back to creating another startup
In FY20, the company posted a revenue of Rs 2,800 crore ($370 million), a 100 per cent growth over the previous fiscal.
The deal is the biggest in the Indian edtech sector by far
Byju's has bought the company for $300 million according to DC Advisory (DC), which acted as the exclusive financial advisor to WhiteHat Jr on its sale to the Bengaluru-based education technology firm
Edtech firm launches online tutoring platform targeting afterschool students
Lockdown saw huge rise in the number of page views, new users
In response to schools being shut down due to Covid-19, Byju's made content on its learning app free for all students
GlobalData said Chinese investors have been making their presence felt in a big way in the Indian start-up ecosystem over the last few years.
They are betting on blended learning being the new normal in the post-Covid world, thanks to a more receptive and savvier customer emerging from the crisis
The sector has seen eight investments alone in April from VCs and angel investors