In April this year I was talking to an investor, and soon our conversation turned to which are the big funding rounds going on in the market. “I recently spoke to Byju. He said he is raising a new round of funding at over $2 billion valuation,” this investor said, with a sense of incredulity. Because the company had raised capital just a few months ago at a valuation of $1 billion and had not put that money to use. And it was heading towards profitability as well.But it seems like the founder Byju Raveendran, after whom the company is named, had bigger plans. ET reported on Wednesday that the company is closing a $400 million round of funding led by South Africa’s Naspers Ventures and Canadian pension fund CPPIB at a whopping valuation of $3.6 billion.This makes Byju’s, registered as Think & Learn Private Ltd, fifth most valued private internet company in India. It is behind online retailer Flipkart (valued at $22 billion), payments major Paytm ($16 billion), hospitality major Oyo ($5 billion) and ride-hailing giant Ola ($4 billion). It is also the first from a relatively new sector like education technology to become a part of this club… Read full this story
- Here's the Difference Between All- and Four-Wheel Drive
- Jaguar F-Type P340 3L V6 R-Dynamic
- Virtualization vs. Cloud Computing: What's the Difference?
- From Blown Up To Boosted: Building A Type R Dream
- The Five Types of Miami Marlins Fan From Loyalist to Stalker
- Seeking Sponsorship? Top Ten Types of Companies to Ask
- What is the difference between automatic and manual driving lessons?
- 5 reasons why Liverpool-Bayern Munich was so much better than its score
- Don't Look for Unicorns and Other Job Description Writing Rules
- Discovering a unicorn
3 reasons why Byju's is a different type of Unicorn have 278 words, post on tech.economictimes.indiatimes.com at December 17, 2018. This is cached page on IT Breaking News. If you want remove this page, please contact us.