Byju Raveendran
Byju Raveendran

Indian ed tech giant Byju’s has raised $50 million in a Series F funding round from IIFL and Maitria Edtech, just a week after other investors injected $350 million into the firm at a $16.5 billion valuation.

IIFL invested $35 million, while Maitria Edtech provided $15 million, regulatory filings reportedly show.

The investments come just a matter of days after investors including UBS, Blackstone, Abu Dhabi state fund ADQ and Zoom founder Eric Yuan pumped hundreds of millions of dollars into Byju’s, now India’s most-valuable start-up.

To date, Byju’s has raised more than $1.5 billion from big-name investors such as Tiger Global, Sequoia Capital and Canada Pension Plan Investment Board, in addition to the above names.

Date published: 23 June 2021

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