In a continuation of its 2020 funding spree Byju’s the Indian edu-tech decacorn added US VC firms BlackRock, Sands Capital, and Alkeon Capital as new investors.

While the amount raised in the current round of funding remains undisclosed, this move is purported to be a part of the prior $500 Million financing round that was led by Silver Lake earlier this month.

This round also saw participation from Byju’s existing investors General Atlantic, Owl Ventures and Tiger Global.

Having raised over $1 Billion in 2020 alone, post Wednesday’s investment round, Byju’s evaluation increased to reach $11.1 Billion making it the second highest valued Indian startup after Paytm.

“We are excited to welcome Blackrock, Sands Capital and Alkeon as our partnersAs we continue to create engaging and personalised learning solutions, partnerships like these reaffirm our commitment to build and transform the global learning landscape through technology, innovation and quality pedagogy. Continued support from our existing investors is a testament of their confidence in us and our mission,” said Byju Raveendran, Founder & CEO, Byju’s in a statement.

Ever since the lockdown, the company has added over 25 Million new users on its platform which took the number of total students registered to 70 Million and 4.5 annual paid subscriptions. Akin to Byju’s the entire Indian edutech sector has been riding the growth wave since the implementation of lockdown in the nation.

The last nine months have seen the total capital invested in the edtech space increase to $1.5 Billion, nearly four times higher than 2019.