Byjus Funding | Pixr8 News

10Jan By PriyankaNo Comments

FUNDING

Byju’s Raises $300 Million Funding From Tiger Global

NEW DELHI, 10 Jan, 2019: New York-based Tiger Global Management has invested $200 million in education app Byju’s, valuing the Bengaluru-headquartered company at about $8 billion. Tiger Global, one of the most influential investors in the Indian startup ecosystem, has been negotiating an investment in Byju’s for the past few months, said two people aware of the developments. They indicated that secondary transactions, estimated at $100-200 million, may also take place, providing exits to some of the early backers of the eight-year-old company. “We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” founder Byju Ravee...

Edtech Major Byju’s Secures an Amount of $400 million

The popular edtech platform Byju’s has raised funds amounting to $400 million in a financing round led by Naspers Ventures and CPPIB. Naspers is a venture arm of South African media giant best known for its early bet on China's Tencent. On the other hand, CPPIB is a new investor. A private equity firm GeneralAtlantic, which has also picked up some secondary shares in the company. These funds have amounting raised to fuel its global expansion plan of the company. The transaction is expected to value the company at around $3.6 billion which would make it the fifth most valued private internet company in India after Flipkart ($22billion), Paytm ($16 billion), Oyo ($5 billion) and Ola ($4 billion). Byju’s is in the advanced stages of expanding to Engli...

Byju’s Plans To Raise $250 Million From Softbank & Others

Education Technology and Training expertise platform Byju’s is in talks with SoftBank and different traders to lift $200-250 million to fund its international growth plans. In the recent talks, the deal is yet to be finalised. Byju’s is in news to lift about $200-250 million from SoftBank and others. They’re nonetheless discussing the factors. This can assist catapult their worldwide growth. If the deal is successful it would possibly value the company at around $2 billion as stated by Byju's. “We by no means touch upon hypothesis,” mentioned a SoftBank spokesperson to an electronic mail question from ET, whereas a spokesperson of Byju’s mentioned that they had “no feedback” to supply, mentioned Byju's. Byju’s-The Learning App, which is the education technology pla...