Bengaluru-based ed tech firm Byju’s has raised $460 million in Series F funding in a round led by MC Global Edtech Investment Holdings, with participation from eight other investors, including B Capital, Baron Emerging Market Fund, XN Exponent Holdings, Arison Holdings and TCDS India, BusinessToday has reported.

BusinessToday stated that the funding raises the decacorn’s value to $13 billion and is part of Byju’s plan to raise about $700 million from new and existing investors in order to achieve a $15 billion valuation as India’s online learning boom continues.

Last November, Byju’s raised $200 million in a funding round from private equity firms BlackRock and T Rowe Price, and in September raised $500 million from a group of private equity investors including Silver Lake Partners, Tiger Global, General Atlantic, and Owl Ventures.

Date published: 31 March 2021

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