970*90
768
468
mobile

Byju's in talks with private equity firms to raise around $200-300 million

Franchise India Bureau
Franchise India Bureau Sep 04 2018 - 1 min read
Byju's in talks with private equity firms to raise around $200-300 million
Digital tutoring start-up Byju’s is in talks to raise $200-300 million from at least two new investors.

Digital tutoring start-up Byju’s is in talks to raise $200-300 million from at least two new investors, private equity firm General Atlantic and Singapore government-owned Temasek Holdings. The deal, expected to close within the next few weeks, will value Bengaluru-based Byju’s, run by Think and Learn Pvt. Ltd., at $2.2-2.4 billion.

Byju, in July 2017, had raised about $40 million from Tencent, months after raising $30 million from Verlinvest. So far, the company has raised about $244 million from investors including Chan-Zuckerberg Initiative, Sequoia, Sofina, Lightspeed Ventures, Verlinvest, Aarin Capital and Times Internet.

The Bengaluru-based platform has over 20 million users and 1.26 million annual paid subscribers. Through its flagship product, Byju’s-The learning app, it offers learning programmes for class K-12 & test preparation for JEE, AIPMT, CAT, IAS, GRE & GMAT.

Byju’s has been growing at 100% annually for the last three years and recently crossed Rs 100 crore in monthly revenue. It is targeting a revenue of Rs 1,400 crore this financial year.

Subscribe Newsletter
Submit your email address to receive the latest updates on news & host of opportunities
Entrepreneur Magazine

For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you

or Click here to Subscribe Online