IIFL has returned to invest in the Tencent, BCC and Naspers-backed online learning platform, which is now valued at $18bn and potentially on its way to a $21bn valuation.
Byju’s, the India-based education services provider backed by corporates Tencent, Bennett Coleman & Co (BCC) and Naspers, has secured roughly $300m at an $18bn valuation, TechCrunch reported yesterday.
Investment banking firm Oxshott Capital Partners led the close, participating alongside financial services firm India Infoline (IIFL), XN Exponent, Edelweiss Ventures, Verition Master Fund and Time Capital Advisors.
The funding is part of a new round that would potentially value the company at more than $21bn, according to a filing from research…
