Byju's Valuation Rose to USD 8 billion with the Recent Fund from General Atlantic

Si TeamIndia's most valued edtech startup Byju’s valuation is drifted by $ 8 billion by raising fund of USD 200 million from an existing investor General Atlantic. The unprecedented jump in the investment has marked history in the fundraising since its commencement.

The company gave valuation of $3.5 billion in the first round of Series F fundraising in December. In January 2019 Byju's had acquired US based Osmo which provides engrossing learning system with augmented reality and artificial intelligence for $120 million.

In August 2019, the company received an investment of $150 million led by Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar. This round also included the participation from edtech investor Owl Ventures, marking its first investment in an Indian startup. In the fourth round of fundraising that happened in July Byju's raised its valuation of $5.7 billion.

The new round, which has helped Byju's valuation climb from about $5.7 billion a year ago to $8 billion, has made the edtech startup the third most valuable private firm in India after financial services firm Paytm(valued at $16 billion)and budget hotel operator Oyo(valued at $10 billion).

The previous acquisition bolstered team Byju's international plans! With the integration of Osmo, Byju's offered unique customized engaging and fun learning solution for younger kids.

"This is a validation of how technology can make high quality learning content more accessible to students, irrespective of their geographies. In fact, technology as an enabler has a lot of potential to further innovate the way in which learning can be made personalised and impactful,"said Byju Raveendran.