The Tencent, Naspers and BCC-backed online education services provider was valued at $22bn in its latest round as it prepares its initial public offering.

Byju’s, the India-based education services provider which counts corporates Tencent, Naspers and Bennett Coleman & Co (BCC) among its investors, has secured $800m in funding at a valuation of $22bn, the Economic Times reported on Friday.

The round was reportedly led by Byju’s founder Byju Raveendran to the tune of $400m, while BlackRock, Sumeru Ventures and Vitruvian Partners filled out the participants.

Founded in 2011, Byju’s operates an online platform that provides a range of study resources including mock exams…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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