Byju’s raising $200 mn funding from BlackRock, T Rowe Price: Sources

Edu-tech major Byju’s is raising about $200 million (about ₹1,483 crore) in fresh funding from investors, including BlackRock and T Rowe Price, according to sources.

The development comes about two months after Byju’s had raised about $500 million (about ₹3,672 crore) in a round that valued the company at $10.8 billion.

According to sources, Byju’s has raised $200 million in a fresh round of funding that has raised the company’s valuation to $12 billion.

The sources said private equity players BlackRock and T Rowe Price are participating in the new round.

Byju’s (Think & Learn Pvt Ltd) declined to comment, while comments from BlackRock and T Rowe Price could not be elicited immediately.