Top investment banks are chasing Byju’s, trying to convince the largest Indian startup to go public as soon as next year. With a current valuation of $16.5 B, banks have proposed a valuation of $40-50 B if the firm lists next year. While the startup hasn’t set a concrete timeline, founder Byju Raveendran had publicly stated in the past about plans to list the firm in 2 to 3 years. Byju’s has 80M users, of which 5.5M are paying subscribers.

Source: Techcrunch