Byju’s raises $200 m from Tiger Global at $8-billion valuation

Bengaluru headquartered Edtech start-up Byju’s, which turned profitable in fiscal year 2019, has raised $200 million from New York headquartered investment firm Tiger Global Management at a valuation of $8 billion.

With this latest round, Byju’s has raised a total of $1.2 billion in funding over 13 rounds, per data from Crunchbase. The unicorn start-up was last valued at $5.7 billion, when it raised $150 million in a round led by Qatar Investment Authority with participation from education technology investor Owl Ventures in July 2019.

General Atlantic, Tencent Holdings, Verlinvest, Chan-Zuckerberg Initiative, Sequoia Capital, Lightspeed Venture Partners, and Canada Pension Plan Investment Board among others also back the start-up.