IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home Education

Byju’s replace Paytm to become India’s most valuable startup

IndiaTechDesk Editor by IndiaTechDesk Editor
June 16, 2021
in Education
56 2
0
BYJU, edutech startup raises $460 million.

BYJU's, edtech startup.

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bengaluru-based, Edtech startup Byju’s has become India’s most valuable startup with a valuation of $16.5 billion in its current investment round, surpassing Fintech firm PayTm’s $16 billion valuations. BYJU’S valuation has doubled from $8 billion in January 2020 to $16.5 billion after its latest round of funding.

Byju’s has raised $350 million from UBS, private equity giant Blackstone, Abu Dhabi state fund ADQ, Phoenix Rising, and video conference firm Zoom’s founder Eric Yuan, regulatory filings said. Byju’s has raised over $1.5 billion in the last 18 months, many times more than total funding earlier, with growth for online education turbocharged by the COVID-19 pandemic.

Investment to fund more acquisitions

The bulk of the capital raised will be used to fund a spate of acquisitions Byju’s has lined up. In April, the firm acquired brick-and-mortar test prep service provider Aakash Educational Services (AESL) in a close to $1 billion cash and stock deal.

Byju’s is also understood to have acquired rival Toppr in a transaction estimated to be over $100 million; the deal has not yet been formally announced. Besides, it is also closing in on discussions to acquire other related businesses including Great Learning and Gradeup, according to reports.

Due to various acquisitions over the years, Byju’s now provides an array of educational services for students in all age groups, from toddlers to high school and college entrance exams students and beyond. It also has a customer base in the US and other developed markets, where parents are often likely to pay more for education.

The edtech startup has also been one of the few profitable internet unicorns companies valued at over a billion dollars. Byju’s is said to have over a billion dollars in revenue for FY22 and still growing fast. It claims to have as many as 80 million registered users and 5.5 million subscribers, saw its revenues double in FY21 over the previous year.

The market size of the Indian edtech sector is estimated to grow by 3.7 times in the next five years, to touch $10.4 billion by 2025 from $2.8 billion in 2020, according to a recent report by EY-IVCA. The segment will see more than 37 million paid users by 2025.

The edtech space led by Byju’s also cornered the bulk of the startup funding in 2020 as the pandemic led to a boom in subscriptions for online education. Many investors, including new backers like Silver Lake and Alkeon Capital collectively infused over $1 billion into the company last year.

Incidentally, Paytm, which held the most valuable internet startup’s crown, is planning a $30 billion public share offering this year.

Tags: Byju'sEdtech startupInvestmentPayTmValuable startup
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at [email protected]

Related Posts

Healthcare Ed-tech Startup Virohan bags $7 million to Fuel India Expansion
Education

Healthcare Ed-tech Startup Virohan bags $7 million to Fuel India Expansion

January 9, 2023
Gurugram-based Edtech Startup Uolo Bags $22.5 million in Funding Led by Winter Capital
Education

Gurugram-based Edtech Startup Uolo Bags $22.5 million in Funding Led by Winter Capital

December 13, 2022
Blackstone-backed Ed-tech Platfrom Simplilearn Grabs $45 million in Fresh Funding
Education

Blackstone-backed Ed-tech Platfrom Simplilearn Grabs $45 million in Fresh Funding

November 18, 2022
Sequoia-India.jpg
Education

Sequoia India planning to put $50 million in K12 Techno Services

October 31, 2022
Hyderabad-based Maths Learning Platform Bhanzu Secures $15 million in its Series A
Education

Hyderabad-based Maths Learning Platform Bhanzu Secures $15 million in its Series A

September 22, 2022
3 Indian Startup Success Stories To Push You Forward In Life
Education

Edtech Platform Byju’s Raises $800 million with 50% Push from Current CEO

March 15, 2022
No Result
View All Result

Follow Us

FREE NEWSLETTER

 




PRODUCTS

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

MORE FROM OUR NETWORK


  • ktd

  • atd

  • itd

  • ktt

  • kgd

  • kpp

  • ktp

  • kpoppost

  • ustechtimes
Categories
  • Accelerator
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: [email protected]”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In