Bengaluru-based ed tech decacorn Byju’s is in talks with several investors to raise $1-$1.5 billion, India Today has reported.
Byju’s, which is reportedly targeting a fresh valuation of $21 billion, has been on an acquisition spree over the past few months.
The company’s founder Byju Raveendran has indicated that the company will seek an initial public offering in the next 18 to 24 months.
Byju’s stated it now has more than 65 million subscribers, adding a substantial number of new customers in the past year due to the increased demand for online education caused by the Covid-19 pandemic.
Date published: 16 August 2021