Byju's: Company got huge success before launching IPO, raised $ 800 million fund - Google Karle

Byju's Raises 800 Million Dollar:

Byju's Raises 800 Million Dollar: Byju's Raveendran-led education technology company has raised $800 million in funding round. According to information shared by the company, Sumeru Ventures, Vitruvian Partners and BlackRock also participated in this financing round.

Education technology company Byju's has got a big success ahead of its IPO. In fact, the Baiju Raveendran-led company has raised funds of $ 800 million (about Rs 6,000 crore) in the financing round. According to information shared by the company, Sumeru Ventures, Vitruvian Partners and BlackRock also participated in this financing round.

22 percent more than the company valuation

A report released in this regard states that Byju's has raised fresh funds at an enterprise value of $22 billion, which is about 22 percent higher than the company's previous valuation of $18 billion. Let us tell you that the company has got this success at a time when it is preparing to bring its IPO. According to the report, the company can launch its IPO in the next 9 to 12 months. Byju's will get listed in the Indian stock market through the IPO.

Ravindran's stake rises

Byju's founder Ravindran also participated in the round and has made a personal investment of $400 million, the company said in a statement. With this, Raveendran's stake in the company has increased from 23 percent to 25 percent. Notably, educational technology company Byju's was founded in 2011 by Ravindran and Divya Gokulnath. Reportedly, Byju has over 150 million learners on the platform.