Byju’s touches $15B valuation

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Edtech Byju’s has raised more than Rs 3,328 million in the second installment of its Series F fundraiser. The move is said to have increased its valuation to $ 15 billion.

Participants include Baron Fils, Group B Capital, hedge fund XN Exponent Holding, Arison Holdings, Tarsadia Capital and Macquarie Group.

Of that tranche, filed on April 7, about half, or Rs 1,628, came from MC Global, the Macquarie group’s investment company.

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Baron invested Rs 582 crore through Baron Emerging Markets Fund and Baron’s Global Advantage Fund. XN Exponential Holdings has deposited around Rs 298bn through its subsidiaries TCDS and TIGA (India) and TCDS (India), Arison Holdings approx Rs 108bn, B Capital approx Rs 560bn and Tarsadia approx Rs 148 one billion rupees.

Also read: BYJU’s to double down on international geographies

The same group of investors invested a similar amount in the first installment of the Series F fundraiser last week in March.

In the past, the company has raised capital from companies such as CPPIB and General Atlantic that continue to invest.

The educational technology company has aggressively raised capital this year to expand its business.

Last week, the company acquired Aakash Educational Services’ test preparation services, valued at $ 1 billion.

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