India’s biggest Edtech startup Byju’s has raised a fresh $ 350 million funding. The funding came from investors such as Zoom founder Eric Yuan, UBS Group, Blackstone, and others. The investment made Byju’s most valuable startup in India with a valuation of 16.5 B Valuation.
With their new investment and valuation, Byju’s has surpassed Paytm, which is valued at $ 16 Billion. Also Byju’s is also now the world’s 11th largest startup.
To date, Byju’s has raised equity funding of more than $ 2.3 Billion dollars. Byju’s biggest competitors and rivals in India are Unacademy and Vedantu. And these are worth at a valuation of $ 2 Bn and $ 600 Million.
Besides being the most valuable startup in India, Byju’s is also the highest valued edtech startup in the world. After Byju’s, the second and third most valuable edtech startup comes from China. The second most valuable edtech startup is China’s Yuanfudao, valued at $ 15.5 Billion. And the third most valuable edtech startup is China’s Zuoyebang, valued at more than $ 10 Billion.
Byju’s doesn’t only have a big valuation but it also caters to a big number of paying customers. Byju’s claims to have $ 75 Million users at the moment. Of these 75 million, 25 million new users were added in between March 2020 to November 2020.
Even though the company has 75 Million users, it counts as its main source of income from its 4.2 million paying users. These users contribute to the company’s revenue of more than 2800 Crore rupees.
As part of their operations, Byjus’s own and operates White Hat Jr, which they acquired for $ 300 Mn. Byjus’s also acquired Toppr, which is a platform for K-12. Byju’s also own the Aakash Educational Services, which they acquired for $ 2 Billion.
FAQ
Byju’s main source of income comes from its 4.2 million paying users.
Byju’s is the Most Valuable Startup In India, At a $ 16.5 B Valuation.
Byju’s is the most valued edtech startup in the world, at a $ 16.5 Bn valuations.