The Tencent, Naspers and BCC-backed educational course provider secured the funding at a $16.5bn valuation, adding to $1bn it raised in April.

Byju’s, an India-based online learning portal backed by corporates Bennett Coleman & Co (BCC), Naspers and Tencent, has secured Rs 25bn ($340m) in funding, the Economic Times reported on Saturday.

Investment bank UBS Group, private investor Eric Yuan, investment management group Blackstone, Abu Dhabi government-backed ADQ and Phoenix Rising–Beacon Holdings all took part in the round, according to regulatory filings seen by ET.

The cash injection is part of a $1.5bn round Byju’s began raising in April this year,…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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