Byju’s in talks to raise up to $700 mn, valuation may cross $15 bn

Edtech start-up Byju’s is in talks to raise $500-700 million from new and existing investors in a fresh funding round, which, if successful, would lift the Bengaluru-based firm’s valuation to about $15 billion from $12 billion at present, sources close to the development said.

Byju’s is closing in on Paytm, which is the most valuable start-up in the country with a valuation of about $16 billion.

According to people in the know, Byju’s is in discussions with new investors based in the US and West Asia such as Baring Partners and B Capital, and Malaysia’s sovereign wealth fund Khazanah Nasional. It is also in talks with existing investors such as Qatar Investment Authority, General Atlantic, Tiger Global, Naspers, and Sequoia.