Indian edtech unicorn BYJU’S on Thursday said it has raised a new round of funding from Tiger Global Management.
Sources close to the fund raise told YourStorythat the round is estimated to be around $200 million, and is raised at a valuation of around $8 billion.
If sources are to be believed, this round will peg BYJU’s as the third-most valued Indian unicorn, after Noida-based payments and financial services behemoth, Paytm, which is reportedly valued at around $16 billion, and Gurugram-based hospitality unicorn, OYO, which is currently valued at around $10 billion.
Currently, the company is also working on launching programmes in vernacular languages to make it accessible in the remote parts of India. Additionally, BYJU’S will be launching BYJU’S Online Tutoring in the coming months too.
Complete article link :- https://yourstory.com/2020/01/funding-tiger-global-management-edtech-byjus