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