BYJU’S adds three new US investors

BYJU’S has added three new US investors – BlackRock, Sands Capital, Alkeon Capital – to its long list of backers as it continues to raise gobs of cash amid a boom in e-learning. This investment is part of an ongoing funding round announced earlier this month. BYJU’S valuation has jumped to $11.1B, up from $10.8B, after its latest $500M fund-raise from Silver Lake. It will utilise fresh investments for organic growth and enter lucrative markets such as the US.

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