India’s largest edtech start-up, BYJU’S has raised funding from new investors —BlackRock, Sands Capital and Alkeon Capital, the company said in a statement. This funding is part of the $500-million funding round led by Silver Lake that was announced earlier this month, where existing investors General Atlantic, Owl Ventures and Tiger Global also participated.

BYJU’S has raised $1.12 billion in 2020 and its current valuation stands at $11.1 billion, said a source.

“We are excited to welcome BlackRock, Sands Capital and Alkeon as our partners. As we continue to create engaging and personalised learning solutions, partnerships like these reaffirm our commitment to build and transform the global learning landscape through technology, innovation and quality pedagogy. Continued support from our existing investors is a testament of their confidence in us and our mission,” said Byju Raveendran, founder and CEO.

Also read: BYJU’S raises $500 million in round led by Silver Lake

As per data sourced from Crunchbase, BYJU’S is funded by 21 investors and has raised a total of $2.1 billion in over 17 rounds to date. The start-up has acquired six organisations and its most recent acquisition was LabInApp on 18th September. Last month, BYJU’S acquired WhiteHat Jr., a Mumbai based coding platform to expand their product offerings and reach across markets.

BYJU’S says it has seen tremendous growth in the last few months. Since the lockdown, it claims to have added over 25 million new students on its platform, to have over 70 million registered students and 4.5 million annual paid subscriptions.

Related Topics
comment COMMENT NOW