Byju's Raises 700 Billions at a Flat Valuation of 22 Billions

About Byju's

BYJU'S is an educational technology company with a global presence, offering customized and captivating learning solutions to a vast audience of over 150 million students from various corners of the world.

New CFO of Byju's

BYJU'S has just appointed a fresh new face as their CFO - none other than Ajay Goel, a seasoned executive with over two decades of experience delivering exceptional financial and operational results to world-renowned companies like GE, Coca Cola and Nestle.

Current Investment and Acquisition of Byju's

Byju's has invested a substantial sum of $2.8 billion in multiple acquisitions to broaden its scope beyond the initial learning app and integrate its offerings to cater to learners across all age groups. Its foray into exam preparation, higher education MOOCs, and tuition centers are examples of this expansion.

Moreover, the company has also acquired various platforms providing educational gaming, virtual reality, and artificial intelligence services, predominantly during the current year.

<figcaption class="pl-caption>Credit: Google

By March 2021, the company successfully secured $460 million in a series F funding round, followed by $1 billion through investments from B Capital, Baron Funds, and XN in April 2021. In June 2021, Byju's went on to raise $50 million in a Series F round from IIFL's private equity fund and Maitri Edtech.

The company once again raised a whopping amount of $296 million as a part of its Series F round from Oxshott Venture Fund, Edelweiss Group, Verition Fund, XN Exponent Holdings, and MarketX Ventures in October 2021.

By March 2022, the company raised a massive $800 million from Byju Raveendran, Sumeru Ventures, Vitruvian Partners, and BlackRock. Adding to its list of accolades, Byju's was named one of the official sponsors of the 2022 FIFA World Cup in March 2022.

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