Byju's, India's most valuable startup, has raised approximately $350 million in the most recent funding round, making it the country's most valuable startup with a valuation of $16.5 billion.

According to the sources, citing the company's filings with the Registrar of Companies, the company increased resources from UBS Group, Blackstone, ADQ in Abu Dhabi, Zoom founder Eric Yuan's family office, and Phoenix Rising - Beacon Holdings.

Byju's was valued at $16.5 billion in the funding round, making it India's most valuable startup, surpassing Paytm's valuation of $16 billion.

According to the publication, the fund boosting is a portion of the $1.5 billion that the company began raising in April. According to the statements, the company recently raised $1 billion from investors such as Baron Funds, B Capital Group, and XN Exponent Holding, as well as existing investors.

Recently, the company has been on an acquisition spree. In April, it paid approximately $1 billion for Aakash Educational Services Ltd (AESL). Since its inception in 2015, Byju's has educated over 80 million students, has 5.5 million annual paid subscriptions and has an 86 percent annual renewal rate.