BYJU
BYJU's Raveendran now richer than Jhunjhunwala, BharatPe's Nakrani youngest in rich list
Besides Raveendran, another tech entrepreneur Shashvat Nakrani of BharatPe saw a healthy augmentation of his wealth. According to the IIFL Wealth Hurun India Rich List 2021, the study-from-home trend which has been promoted on the back of the pandemic led Raveendran and Family's fortune to grow 19 per cent year-on-year to Rs 24,300 crore.
BYJU's acquires Singapore-based Great Learning for $600M
The partnership marks BYJU'S' entry into the professional and higher education segment with a $1 billion commitment. The move combines BYJU'S leadership in education technology and content with Great Learning's expertise in upskilling for students and professionals Great Learning will continue to operate under its current leadership led by its founders, Mohan Lakhamraju, Hari Nair and Arjun Nair.
Byju's acquires US-based Epic for $500mn, to invest $1bn in US
Epic CEO Suren Markosian, and co-founder Kevin Donahue, will remain in their roles and continue carrying out Epic's mission to unlock the potential of every child through reading, the company said. "The alignment of our missions and shared passion makes Byju's the perfect partner, as we're confident this acquisition will ignite excitement for learning around the world," said Markosian.
Byju's most valuable startup in India, 11th in the world
As per CB Insights data, as of June 2021, Byju's is the 11th most valuable startup in the world. The total number of unicorns worldwide is 708 with a valuation of $ 2319 billion. Chinese company Bytedance, the parent company of TikTok, is the most valuable startup in the world with a valuation of $140 billion.
Byju's to raise $150M from UBS, to be valued at $16.5B
UBS Group AG, part of UBS Asset Management, will invest a total of around $300 million in Byju's, people familiar with the deal told IANS. The leading ed-tech company recently raised nearly $1 billion as part of its 'Series F' funding that included Baron Funds and Facebook co-founder Eduardo Saverin's B Capital Group.
BYJU'S raises $455 mn led by Baron Funds as part of $1B round
Citing government filings by the company, Inc42 reported that existing investors like Silver Lake Management, Owl Ventures, and T. Rowe Price etc are also participating in the round. The latest fund-raising comes after the BYJU'S announced to acquire Aakash Educational Services Ltd (AESL) through a strategic merger. The deal size is also pegged at close to $1 billion, according to a person familiar with the transaction.
Advertisement