Online learning platform Byju’s has raised $500 mn in a fresh round of funding led by US-based private equity (PE) investor Silver Lake, along with participation from existing investors including Tiger Global, General Atlantic, and Owl Ventures.
The new round values Byju’s at $10.8 bn, up from its last valuation at $10.5 bn from its earlier Series F round that was closed in August
“We are fortunate to be in a sector of positive relevance during this crisis. This has brought online learning to the forefront and is helping parents, teachers and students experience and understand its value. Our classrooms are changing possibly for the first time in 100 years and I’m really excited about the opportunities that we have to redefine the future of learning," Byju Raveendran, chief executive of Byju's said in a statement