The BCC, Naspers and Tencent-backed online education provider has reportedly pushed its valuation to $10.5bn following a sub-$100m investment from Bond.
Venture capital firm Bond has invested an undisclosed amount in Byju’s, an India-based online education provider backed by corporates Bennett Coleman & Co (BCC), Naspers and Tencent, at a $10.5bn valuation, TechCrunch has reported.
The investment was sized below $100m, according to a person familiar with the matter. Byju’s has neither confirmed the size nor the valuation but the news follows reports last month that it was seeking up to $400m in funding at a $10bn valuation.
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Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
