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Byju's IPO: 3 Major Things To Know About Most Valuable Startup

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The Bengaluru-based edtech firm, which has secured a significant amount of money from investors for 2020 and 2021, would use the majority of the funds to support a series of acquisitions.

 

General Atlantic, the Chan-Zuckerberg Initiative, Naspers, Silver Lake, and Tiger Global are among the investors in Byju's, which is presently the most valuable Indian start-up. According to the company, there are over 100 million registered students, with 6.5 million of them paying customers.

According to persons familiar with the situation, India's most valuable startup, online education provider Byju's, is in talks to raise $400 million to $600 million and then expedite plans for an initial public offering next year. Here are some major things to know about the startup.

Byju's - Acquisitions

Byju's - Acquisitions

So far, Byju's has purchased a total of 15 businesses. On August 4, 2021, Byju's bought the last company, Whodat Tech. Byju's purchased Toppr, an e-learning platform for competitive test preparation, and Great Learning, an Edtech app, on July 24, 2021. Vedantu, an online tutoring platform, is close to being acquired by Byju's. The Edtech behemoth has already had a busy year of acquisitions, with eight announced so far in 2021, and is expected to make more.

Aakash Educational Services, a brick-and-mortar test prep service provider, was acquired by Byju's in a nearly $1 billion deal, one of the largest in the local edtech market. In July, the corporation paid $600 million for edtech start-up Great Learning and another $500 million for US-based kids digital reading platform Epic.

So far this year, the corporation has spent almost $2 billion on acquisitions, including Indian rival Toppr, which has yet to be officially acknowledged.

Whodat Tech, Great Learning, Epic, Toppr, Gradup, Vidyartha and Aakash Educational Services are some of the aquisitions of Byju's.

BYJU's - Revenue and Valuation
 

BYJU's - Revenue and Valuation

In FY 2017-2018, BYJU recorded revenue of Rs 490 crore, which grew to Rs 1,430 crore in FY 2018-2019. The firm's income for the fiscal year 2019-2020 was ultimately published on September 1, 2021, with an 81 percent increase in revenue to Rs 2,434 Cr (FY20).

Valuation

After a recent $150 million round of fundraising, BYJU's valuation was assessed at $16.87 billion in September 2021.

After a recent round of fundraising from UBS Group, Eric Yuan, Blackstone, and others, BYJU was valued at $16.5 billion and became India's most valuable company in June 2021.

November 2020 - BYJU's recent $200 million round of fundraising headed by BlackRock valued the company at $12 billion.

BYJU's - Funding

BYJU's - Funding

According to reports, Byju's total fundraising to date is roughly $2.85 billion, with the latest funding coming from three investors. This round of funding was spearheaded by ARK Ncore, Asmaan Ventures, and Mirae Asset. In its most recent round of fundraising, BYJU was valued at $16.87 billion. The Edtech behemoth appears to be on a fundraising binge, having raised $1.65 billion in 2021 alone. It previously raised $350 million from UBS Group, Blackstone, and IIFL and Maitri Edtech, as well as roughly $50 million from IIFL and Maitri Edtech.

BYJU's was the first Asian startup to get money from the Chan-Zuckerberg Initiative, which was founded by Facebook founder Mark Zuckerberg and his wife Priscilla Chan in 2016.

Byju's- List of Funding

Byju's- List of Funding

The table below contains information about BYJU's major funding.

DateStageFundingLead Investors
September 8, 2021 - $150 Million Asmaan Ventures, Mirae Asset, ARK Ncore
June 21, 2021 Series F $50 Million IIFL and Maitri Edtech
June 12, 2021 Series F $350 Million UBS Group, Eric Yuan, Blackstone
March 29, 2021 Series F $460 Million MC Global Edtech Investment Holdings
September 8, 2020 Private Equity Round $500 Million Silver Lake
August 26, 2020 Venture Round $122 Million DST Global
June 26, 2020 Venture Round $100 Million Bond
January 9, 2020 Private Equity Round $200 Million Tiger Global Management
July 10, 2019 Venture Round $150 Million Qatar Investment Authority
March 22, 2019 Private Equity Round $31 Million General Atlantic & Tencent Holdings
December 11, 2018 Venture Round $ 540 Million Prosus & Naspers
August 2017 Corporate Round $40 Million Tencent Holdings
March 2017 Series F $30 Million Verlinvest
December 2016 Series E $15 Million IFC Venture Capital Group & InnoVen Capital
September 2016 Series D $50 Million Chan Zuckerberg Initiative & Sequoia Capital India
March 2016 Series C $75 Million Sequoia Capital India & Sofina

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