Byju’s Raises $122m From Tech Billionaire Yuri Milner’s DST Global Fund

Must Try

LEYSHA – Sustainable fashion that shows genuine devotion, gentleness and affection towards nature and the environment

{"eId":"737357968442773","CameraPosition":2} Punam Mandal's journey to founding LEYSHA is a fascinating blend of passion for handcrafted work and a...

Vrede: Bridging Elegance and Simplicity in Design

In today's fashion world, there is often a clear divide between the extremes of grandeur and minimalism. However, there is a growing...

House of Muher: Celebrating Ethnic Elegance with Contemporary Flair

Creating and sustaining a fashion brand is an extremely challenging task. But if you have a team...

Swadeshi Pitara: Reviving Heritage Through Silver Jewelry

In a world where fast fashion dominates, Swadeshi Pitara stands out as a beacon of tradition and craftsmanship. Founded by Sweta Sharma...

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Recipes

The Art Box by Swati Jain: Fostering And Infusing Creativity Into Homes And Workplaces Globally.

In the realm of artistic expression, there exists a profound journey of transformation, where passions redefine paths and individuals carve their own...

LEYSHA – Sustainable fashion that shows genuine devotion, gentleness and affection towards nature and the environment

{"eId":"737357968442773","CameraPosition":2} Punam Mandal's journey to founding LEYSHA is a fascinating blend of passion for handcrafted work and a...

Vrede: Bridging Elegance and Simplicity in Design

In today's fashion world, there is often a clear divide between the extremes of grandeur and minimalism. However, there is a growing...

House of Muher: Celebrating Ethnic Elegance with Contemporary Flair

Creating and sustaining a fashion brand is an extremely challenging task. But if you have a team...

Swadeshi Pitara: Reviving Heritage Through Silver Jewelry

In a world where fast fashion dominates, Swadeshi Pitara stands out as a beacon of tradition and craftsmanship. Founded by Sweta Sharma...

More Recipes Like This