Byju’s secures $200m from Tiger at $8 billion valuation

NEW DELHI: New York-based Tiger Global Management has invested $200 million in education app Byju’s, valuing the Bengaluru-headquartered company at about $8 billion. The investment, in the edtech firm Think and Learn, which owns and operates the K-12 learning app Byju’s, was confirmed by the company, which declined to comment on specific details of the transaction.

Tiger Global, one of the most influential investors in the Indian startup ecosystem, has been negotiating an investment in Byju’s for the past few months, said two people aware of the developments. They indicated that secondary transactions, estimated at $100-200 million, may also take place, providing exits to some of the early backers of the eight-year-old company.