Friday, 24 March, 2023

Byju’s Founder invests another $400M into the startup to own 25% stake

<p>Byju Raveendran, Co-founder, and CEO of Byju&rsquo;s have invested $400M in a new financial round which generated $800M in total. This investment sees Raveendran&rsquo;s stake in the startup increase to 25%. After the conclusion of this financial round, the edtech startup is now valued at $22B. The startup has raised $2.5B since the pandemic began which was mainly used to acquire firms like Aakash which was bought for $1B.&nbsp;<br /> &nbsp;</p>