Tencent, BCC and Naspers-backed study materials provider Byju's reportedly hiked its valuation to $16.9bn in the round, which was led by Asmaan Ventures.
Byju’s, an India-based online education provider that counts corporates Naspers, Tencent and Bennett Coleman & Co (BCC) as investors, has received about $150m in series F funding, Entrackr reported today.
The round was led by Asmaan Ventures and included Mirae Asset and Ark Ncore, according to a regulatory filing. Entrackr estimated the capital was raised at a $16.9bn post-money valuation.
Founded in 2011, Byju’s offers a wide range of practice exams and study materials across a wide range of ages and subjects, including in adult education.
IIFL and Maitri EdTech Special Opportunities Fund had provided $50m in series F funding for Byju’s in June this year, a week after financial services firm UBS, Blackstone, ADQ, Phoenix Rising–Beacon Holdings and Eric Yuan had supplied $340m.
Baron Funds, B Capital Group, XN Exponent Holding, Silver Lake Management, Owl Ventures, T Rowe Price, Disruptive Technology Solutions, Footpath Ventures, Prudential Assurance Company, GSV…
