Byju's to raise $400 mn from Yuri Milner-led DST Global

Yuri Milner-led DST Global is reportedly in talks to invest $400 Mn in BYJU’S, valuing the company at $10.5 bn.With this transaction by DST Global, BYJU’S will be the second most valued Indian startup, and joining Alibaba-backed digital payments giant Paytm and OYO in the decacorn club.

Byju’s caters to students from kindergarten through 12th grade and has over 57 million registered users and over 3.5 million paid subscribers. It’s adding over 300,000 new subscribers every month. Byju’s doubled revenues in the year ended March 2020 to 28 billion rupees ($373 million) from the previous financial year and is profitable, a rarity for Indian startups.

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