Byju’s valued at $18 billion in new funding
October 4, 2021 2021-10-04 18:30Byju’s valued at $18 billion in new funding
Byju’s valued at $18 billion in new funding
A filing, supplied to TechCrunch by research firm Tofler, showed that the new investment values the startup at $18 billion, up from a valuation of $16.5 billion in June this year.
At $16.5 billion valuation, Byju’s had already surpassed fintech giant Paytm for the tentpole position in India’s startup ecosystem.
TechCrunch understands the new investment is part of a larger financing round that is likely to propel Byju’s valuation above $21 billion.
[Via]