The Chan Zuckerberg Initiative-backed edtech firm Byju’s is India’s second-most valued unicorn, according to Hurun Global Unicorns 2020 list.
The list is a compilation of world’s billion-dollar tech startups founded in the 2000s, and not yet listed on a stock market till date. Founded by Kerala-based entrepreneur Byju Raveendran, Byju’s learning app secured second position, along with online hotel booking platform OYO Rooms, among Indian unicorns, after digital payment platform Paytm.
There are reports that DST Global, the venture capital fund backed by celebrated global billionaire Yuri Milner, plans to invest $400 million in Byju’s
Byju Raveendran’s popular learning app is ranked 31st in the Hurun Global Unicorn List 2020, with a valuation of $8bn. Oyo also shared the same valuation.
Kannur-based Raveendran founded the online learning platform in 2011. In its recent funding round, the company has raised $1.2bn, and it is India’s largest edtech startup.
There are reports that DST Global, the venture capital fund backed by celebrated global billionaire Yuri Milner, plans to invest $400 million in Byju’s, which will make the online learning app India’s second-most valuable startup at a valuation over $10 billion.
Byju’s is one of the top 3 gainers among billion dollar Indian tech startups in the recent year, increasing its valuation by $2bn.
Think and Learn Private Ltd, the company that owns Byju’s, provides educational content to students from class 1 to 12, and aspirants of competitive examinations.