Byju’s world’s 13th most valuable start-up

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The Byju Raveendran-owned decacorn is currently valued at $21 billion, which also makes it the world’s most valuable edtech start-up. Byju’s is succeeded by Chinese edtech major Yuanfudao, which has a valuation of $15.5 billion.

The Bengaluru-based start-up’s rise has been particularly impressive in the last 20 months, where education went digital-first due to the compulsions brought about by the COVID-19 pandemic.

As a result, Byju’s not only ramped up its user base and saw rapid growth in revenues, it also made a slew of acquisitions world over (8 this year) and raised billions of dollars in venture capital.

According to CB Insights, Byju’s has raised funding of over $5.18 billion since its inception in 2015. Of this, $1.3 billion has come in 2021 alone.

The e-learning firm is backed by leading investors such as Tiger Global, General Atlantic, Chan-Zuckerberg Initiative, Tencent Holdings, Sequoia Capital India, Sofina, Qatar Investment Authority, International Finance Corporation (IFC), Lightspeed Venture Partners, Owl Ventures, among others.

The Byju Raveendran-owned decacorn is currently valued at $21 billion, which also makes it the world’s most valuable edtech start-up. Byju’s is succeeded by Chinese edtech major Yuanfudao, which has a valuation of $15.5 billion.

The Bengaluru-based start-up’s rise has been particularly impressive in the last 20 months, where education went digital-first due to the compulsions brought about by the COVID-19 pandemic.

As a result, Byju’s not only ramped up its user base and saw rapid growth in revenues, it also made a slew of acquisitions world over (8 this year) and raised billions of dollars in venture capital.

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According to CB Insights, Byju’s has raised funding of over $5.18 billion since its inception in 2015. Of this, $1.3 billion has come in 2021 alone.

The e-learning firm is backed by leading investors such as Tiger Global, General Atlantic, Chan-Zuckerberg Initiative, Tencent Holdings, Sequoia Capital India, Sofina, Qatar Investment Authority, International Finance Corporation (IFC), Lightspeed Venture Partners, Owl Ventures, among others.

Interestingly, no other Indian start-up features in the list of top 50. A distant second at the 54th position is OYO (valued at $9.4 billion). CB Insights does not consider publicly listed companies as unicorns. Hence, the likes of PaytmNykaa, and Zomato (each valued at over $10 billion) don’t feature.