Web based learning stage Byju’s has raised $122 million from DST Global, the venture support headed by tech billionaire Yuri Milner, as a component of its continuous financing round. The valuation remains at $10.5 billion, same as when assets were raised from Bond, a worldwide innovation venture co-founded by Mary Meeker.
According to documents filed with the Ministry of Corporate Affairs, Byju’s has distributed 42,666 Series F preference shares to DST Global for ₹908.9 crore. Byju’s was in talks with DST Global for an investment of up to $400 million in the Indian online education startup.
This exchange makes Byju’s India’s second-most important startup after financial payments firm, Paytm. In 2020 up until now, Byju’s has raised about $545 million across four Series F rounds including $200 million each from Tiger Global and General Atlantic.Earlier this month, Byju’s obtained Mumbai-based WhiteHat Jr in an all-cash deal worth $300 million.
The procurement denoted Byju’s entrance into the quickly growing computer code training segment focused at secondary school and understudies.It was Byju’s fifth procurement and its biggest till date. It had last acquired Osmo, a developer of educational games, for $120 million in its first-ever purchase of a US company in January 2019.