CEO Byju Raveendranounder backs edtech startup Byju's in $800M funding
Byju Raveendran, the CEO of Byju's has made a massive investment recently. Raveendran's backing is part of a bigger $800 million round by the Indian edtech startup Byju Raveendran, co-founder and CEO of the namesake Indian edtech powerhouse Byju's, has invested $400 million in the firm. His investment is part of a bigger $800 million round raised by the Bengaluru-based startup. Sumeru Ventures, Vitruvian Partners, and BlackRock also participated in the round, the identity of which the startup did not reveal. According to a person familiar with the subject, the round values Byju's at around $22 billion. The funding comes as Byju's is generally expected to file for an initial public offering. Raveendran and his family's stake in the firm has increased to 25% as a result of the additional investment, an uncommon occurrence in the Indian startup world. Byju's, which has collected over $2.5 billion since the outbreak began, has utilised a m...