Byju’s aims  to  raise $150 million from UBS

Byju’s is in talks to raise $150 million from UBS Group AG at a valuation of $16-17 billion, two people familiar with the matter said. That would propel the online education company to become India’s most valuable startup, surpassing Paytm.

Byju’s is also in talks to raise $200 million more from other investors as part of the same funding round, said one of the two people cited above. Both of them spoke on condition of anonymity.

Byju’s last raised $460 million in its Series F funding round last month, led by MC Global Edtech Investment Holdings LP, at a valuation of over $13 billion.