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.
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.