Byju Valuation Reaches $3.6B After $540M Funding | MobileAppDaily
Mobile App

Byju Valuation Reaches $3.6B After $540M Funding

Byju has more than doubled its valuation to boost its global expansion

Byju Valuation Reaches $3.6B After $540M Funding

Byju, an India-based educational startup, has reported to successfully raise over $400 million in funding in just a single round. This company with over a decade of rich experience in the field has recently made the announcement official regarding its valuation. A total of $540 million has been raised by Byju from investors, further encouraging Byju to target for global expansion.

The funding round was led by Naspers which is an investment firm that is also quite famous for backing up Tencent and other educational firms like Codecademy, Udemy, Brainly and many more. As per the latest reports, the CPPIB i.e. Canadian Pension Plan Investment Board provided a 'significant portion' of the funding round. Also, to keep in sync with the latest trends in the startup world, you can have a look at our News Section.

Apart from this, there were also some secondary share sales that contributed to the total valuation of Byju. This global expansion news of Byju has made it ranked among the top five in CB Insights’ ranking of Indian Startups. This raised $540 million funding will be used as a resource for fueling the global expansion of Byju in English-speaking countries.

How It All Started? 

The India-based company was founded in the year 2008 by Byju Raveendran as an offline teaching center, which later moved on to digital courses by the end of 2015. Byju holds specialization in educational courses from grade 4 to grade 12 along with a variety of educational material in the form of videos and e-books.

Founder and Chief Executive Officer Byju Raveendran said in a statement, 

This round took Byju to a mark of $775 million from investors to date that includes names like Tencent, the Chan Zuckerberg Initiative, the Facebook founder Mark Zuckerberg, General Atlantic, IFC, Lightspeed Ventures and Times Internet as its official backers.

Aiming For Global Expansion 

It is now claiming to have more than 30 million registered students with more than two million customers that have signed up for an annual paid subscription. Apart from this, Mr. Raveendran also stated that there are currently around 1.3 million paid users whose renewal rate is over 80 percent, which ranges from one million to two million new students per month.

This new funding money will also go towards globalizing the company's service beyond India with an international English service specifically aimed for children aged from three to eight, a new category for Byju that is set to launch next year.

In addition to this, expansion of Byju will also be led by the release of the new services at the initiation of local academic years. This may vary on a global basis. The main objective here is to make an appeal directly to the younger audience i.e. the kids.

To stay updated with the latest news about Byju and other innovative startups from the mobile app industry, just click on that ‘Subscribe’ button to stay notified with MobileAppDaily.

MAD Team
Written By

MobileAppDaily host a team of experienced technical writers, industry wizards, and app experts who have an exact knack of content that caters to the needs of the mobile app targeted audience. We strive to bring you the best of tech!

Top Companies

InMobi
Singapore
Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
Techmagnate
New Delhi, India
Fetch
London, UK
View full report

Latest Articles

Join our global community 135K Followers
Mobile App

Taster VR: BBC Wants To Deliver You Content Using VR via Smartphones

MAD Team 4 min read  

Worldwide news broadcaster now has taken a step to integrate the contemporary technology into the media system. BBC just released an app named Taster VR with the aim to transform the news delivering channel with the help of Virtual Reality. The media giant just introduced its new app for delivering

Mobile App

Android Auto Refreshed Look Is Ready To Hit The Road With Dark Theme

MAD Team 4 min read  

Highlights of Android Auto newer versionNavigation gets easier and fasterRun Multiple Apps on Android AutoNew Color Palette That Is Less Harmful To EyesManage Communications More ConvenientlyMore Functions and Fewer TapsAndroid Auto for Wider ScreenGoogle started warm

Mobile App

Everything You Want To Know About E3 2018

MAD Team 4 min read  

The most significant event in the gaming industry, E3 (Electronic Entertainment Expo) is going to be concluded today in Los Angeles. The event was scheduled from June 12 to June 14.From Assassin's Creed Odyssey to Netflix deal with Minecraft and from Super Smash Bros to FIFA 19, E3 stays to

Mobile App

AI Powered Music Startup Musiio Raises $1M

MAD Team 4 min read  

Musiio, Singapore-based AI music startup that helps digital music companies with discovery and creation through Artificial Intelligence has raised $1 million in seed funding.The investment round was led by Wavemaker Partners, U.S. investor Exponential Creativity Ventures, and other angel investo