Byju’s raises $200 mn in fresh funding; valuation surges to $12 bn

Less than two months after it raised $500 million in a financing round, edtech decacorn Byju’s is learnt to have closed $200 million in a fresh round of funding. This has lifted the Bengaluru-based firm’s valuation to $12 billion – close to $1 billion higher when compared with the previous round.

Sources close to the development said private equity players such as BlackRock and T Rowe Price participated in the new round. While BlackRock is an existing investor in Byju’s, T Rowe joined as a new investor.

A Byju’s spokesperson declined to comment on the development. BlackRock and T Rowe Price could not be reached at the time of going to press.

With this investment, Byju’s has raised over $2.3 billion from investors in over 18 funding rounds.