Bengaluru-based edtech unicorn BYJU’S has raised a mammoth $328 million (₹ 2,322.18 crore) in Series F funding from Canada Pension board’s investment arm CPPIB Investment Board Private Holdings, Naspers Ventures BV and General Atlantic Singapore TL Pvt Ltd. Prior to this round BYJU’S had raised approximately $244 million (₹ 1,762.65 crore) since 2008.
According to reports, with this latest finding round, BYJU’S valuation has touched $4 billion (₹28,918 crore) . The company had entered the unicorn club in March this year. The company’s investors include Tencent, Chan-Zuckerberg Initiative, Verlinvest, Sequoia Capital, Lightspeed Venture Partners, Aarin Capital and others.
Byju’s, founded by Divya Gokulnath and Byju Raveendran in 2008, is a company that offers a learning app, which was launched in 2015 and has learning programmes for students in classes IV-XII along with courses to help students prepare for competitive exams like JEE, NEET, CAT, IAS, GRE, and GMAT.