Friday, 24 March, 2023

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

<p>Byju&rsquo;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&rsquo;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&rsquo;s raised $500 mn from Silver Lake Partners, DST Global, others at a valuation of $11 bn.</p>