Let’s meet India’s most valued startup – BYJU’s
Recently BYJU’S have risen nearly of Rs. 2491 crore of funds from Zoom founder and become the most valued startup in India. Now BYJU’S is not only India’s but also the world’s 11th most valuable Startup. So in this blog, we are going to know BYJU’S funding, some popular acquisitions, and so on, in this blog.
11-year-old India’s Ed-tech startup BYJU’S is now on the top list of India’s startup ecosystem. BYJU’S which is backed by Byju Raveendran has successfully taken the startup to the top tier. It becomes the most valuable online Startup with $16.5 billion of valuations by surpassing India’s fin-tech giant Paytm with over $16 billion valuations.
We can also say that BYJU’S is now the leading unicorn Startup in India with a valuation of $16.5 billion.
What BYJU’S provides?
India’s most loved school learning app i.e., BYJU’S is now the countries famous app in digital learning. Launched in 2015 BYJU’S has a fledged platform of learning to everyone possible. BYJU’S now provides educational services to toddlers of kindergarten to high school grads and too competitive exam personalities. They have everything
They also have useful learning programs for various students from Kindergarten to classes 1 -12. And recently they also have started competitive exam preparations like JEE, NEET, and IAS on their platform.
They also have students from various parts, whose parents are usually able and willing to spend a lot on education. And it’s the only reason why Ed-Tech startup-like BYJU’S is still growing fast and making a great profit from digital learning systems.
Now BYJU’S has 95 million registered students on its application platform and over 6.5 million annual paid subscriptions as of April 2021. They have a total of students from 1700+ cities across India and so forth.
BYJU’S funding and fundraise
As an enthusiast founder, Mr. Byju Raveechandran has always tried and thrive to expand their business and provide more value. And for expanding business they were in need of funds to acquire more startups and provide more value from investors. And they have made some investors come and invest in. Such investors like Eric Yuan the Zoom founder and some others including UBS Group, ADQ, Blackstone, and Phoenix Rising.
BYJU’S also has investors like Tencent Holdings, Lightspeed India Partners, and Sequoia Capital India.
BYJU’S has raised nearly $2 billion in funding as per the data from Venture Intelligence. Since January 2020, they have raised funding from marquee names such as Tiger Global, Mary Meeker’s Bond Capital, T Rowe Price, Silver Lake and several others from the planet.
EdTech startup BYJU’S already have acquired Aakash Educational Services for nearly a billion dollars deal. They also had acquies WhiteHat Jr last year for nearly $300 million in valuation. Now as per some reports, BYJU’S is looking to acquire more troupes from the game like Great Learning and GradeUp.
BYJU’S valuation becomes more widely since January 2020 at $8 billion of valuation. ByteDance the owner and parent company of TikTok was the most valuable startup in the world with a valuation of $140 billion. Now BYJU’S has taken the seat and has acquired it successfully.
There are more than 700 unicorn companies around the world. Google, Facebook and Airbnb are popular examples of unicorn companies from the globe. These all are private companies and held by smart brains in the world.
Some other companies from India, like lenskart is valued at $1.5 billion, PolicyBazaar is valued at $2.4 billion, FinTech startup RazorPay is valued at $3 billion. And BYJU’S is valued at $16.5 which is the highest valuation till the date in India.
So that’s it for today about BYJU’S funding. If you like the post, make sure to share it with your friends on social media and on personal.
We will catch you in the next one till then take care of yourself and your family.