InvestorQ : Why has Byju’s raised another $150 million from UBS?
sarah Leo made post

Why has Byju’s raised another $150 million from UBS?

Rashi Mehra answered.
1 year ago

You are right that Byju’s is raising $150 million from UBS of Switzerland, making Byju’s the most valuable start-up at $16.5 billion. UBS may rope in another backer to raise the investment up to $400 million. This comes just after Byju’s had raised $1 billion from B Capital and Baron Funds. At this valuation, Byju’s will just go past Paytm.

Byju’s is an only tutoring platform and it has been growing aggressively in inorganic terms in the recent past. Byju’s has been one of the big beneficiaries of the online learning shift in India post the pandemic. Currently, Byju’s has over 80 million registered users in India for its courses in maths and science fundamentals via animated games and video demos.

Byju’s coding and maths lessons are now available in the US, UK, Australia, Brazil and Mexico. Apart from English, courses are available in Spanish and Portuguese also.