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Byju’s is in talks to raise $200 mn funds at $12 bn valuation

Byju’s is in advanced stages of talks to raise $200 mn in fresh capital from US-based investors T Rowe Price and BlackRock at a valuation of $12 bn. The latest round, if happens, would take Byju’s total fund-raise to over $1 bn this year. The fresh capital will be used for global expansion and to finance acquisitions to increase the portfolio. Less than two months ago Byju’s raised $500 mn from Silver Lake Partners, DST Global, others at a valuation of $11 bn.

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