Is China invested in BYJU’s?
As of 2019, Byju’s had secured nearly $785 million in funding from investors, including Sequoia Capital India, Chan Zuckerberg Initiative (CZI), Tencent, Sofina, Lightspeed Venture Partners, Brussels-based family office Verlinvest, development finance institution IFC, Napsters Ventures, CPPIB and General Atlantic.
Is SRK invested in BYJU’s?
Byju’s SRK deal is pegged at an annual fee of Rs 3-4 crore, two people aware of the matter said. SRK has been a brand ambassador for the company since 2017. … At around $18 billion, Byju’s is currently the most valued startup in India. It raised $300 million earlier this week as part of an ongoing funding round.
Who has funded Byjus?
Oxshott Capital Partners led the new tranche of investment while XN Exponent, Edelweiss, Verition Master Fund, IIFL and Time Capital Advisors participated. TechCrunch understands the new investment is part of a larger financing round that is likely to propel Byju’s valuation above $21 billion.
Who owns BYJU?
Edtech entrepreneur Byju Raveendran is on a buying spree. Since January he’s plunked down $2.4 billion to expand Byju’s, his Bangalore edtech giant, including $950 million for Indian test-prep provider Akash Educational Service in April and $600 million for Singapore’s Great Learning in July.
Can I invest in BYJU’s?
Want to invest in unlisted companies like Ola, Paytm or Byju’s? … Unlisted shares are bought from existing employees of the specific company who can offer shares to new investors who are keen to invest.
Has Disney bought BYJU?
Byju’s last two acquisitions and a deal with Disney reveal its American dream — one that is anchored in India. Byju’s plans to invest $1 billion in the North American market over the next two years. The company believes that that international market would make a third of its revenue in the future.
Did Aakash buy BYJU’s?
After getting acquired by Byju’s for $1 billion early this year, Aakash Educational Services (AESL) is transforming into a hybrid edtech firm and is expanding rapidly across the country. AESL will launch 106 new centres across the country in the next 5 months. … Post-Byju’s coming in, it is further accelerating that.”
Accordingly, Byju’s has occupied a large market share and emerged as one of the pioneers in online education over the years.
Byju’s IPO Important Dates.
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Is BYJU’s profitable?
Byju’s (Think & Learn Pvt Ltd) had logged net profit (standalone basis) of ₹20.16 crore and ₹1,281 crore in operational revenue in FY19, according to documents accessed by business intelligence platform Tofler. On a consolidated basis, revenue grew over 82% to ₹2,380.7 crore in FY20 over ₹1,306 crore in 2018-19.
Who is promoter of BYJU’s?
With the latest fundraise, the total shareholding of the Byju’s promoters, including the CEO and co-founder Byju Raveendran, his wife Divya Gokulnath and brother Riju Raveendran, now stands at 22.9 per cent, whereas the non-promoters hold 77.03 per cent stake in the company.
How did Byjus raise funds?
Edtech giant, Byju’s is raising ₹2,200 crore funding from Oxshott Venture Fund, along with the participation of Edelweiss Private Investments Trust, Verition Multi-Strategy Master Fund, IIFL Private Equity Fund, XN Exponent Holdings, and MarketX Ventures, among others.
Is BYJU’s fake?
Most unfortunate decision as BYJU is completely fraud company.