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Edtech Byju’s raises Rs 2,200 crore fresh funding from investors

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Edtech Byju’s raises Rs 2,200 crore

Edtech company Byju’s has raised Rs 2,200 crore fresh funds recently. The latest funding was done by New-York based Oxshott Capital Partners. According to regulatory filings reported by researcher Tofler, the company has invested Rs 1200 crore as a part of a Series F round at Rs 285,072 per share.

Other investors include Edelweiss who invested Rs 344.9 crore, IIFL invested Rs 110 crore), Verition Multi-Strategy Master Fund invested Rs 147 crore and XN Exponent Holdings invested Rs 150 crore.

As the online learning requirement shooted, Byju’s have secured largest cheques ever from the investors.

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Byju’s raised $1.5 billion from UBS Group, Abu Dhabi sovereign fund ADQ, and Blackstone Group in June this year. After two months, the company also raised $1 billion from investors led by Baron Funds, Facebook co-founder Eduardo Saverin’s B Capital Group, and US-based hedge fund XN Exponent Holding at a valuation of around $15 billion.

Byju’s also bought US Kids’ coding platform, Tynker and acquired online examination platform Great Learning, Kids’ digital reading platform, Epic and test preparation provider Aakash Educational Services.

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