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Byju’s is in talks with several investors to raise $1-1.5 Bn at a valuation of nearly $21 Bn, two people aware of the development said. India’s most valuable startup is seeking a 27% jump from the $16.5 Bn valuation at which the company raised funds in June.
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The report indicated that the fund-raising is likely to be completed within a month. It may be noted that Byju’s valuation has increased rapidly after the Covid-19 pandemic, which has driven the need for online learning.