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Byju's to become decacorn company

Date: 04 May 2020 Tags: Miscellaneous
  • After Paytm and Oyo, edtech unicorn Byju’s is set to enter the decacorn club as the company is reportedly raising fresh funds at a valuation of $10 billion.
  • If the deal goes through, it will be with an over 20% jump in the Bengaluru-based company’s valuation which was valued at around $8.2 billion during a fundraising round in February this year.
  • Byju’s will raise around $400 million in an ongoing round which has already seen participation from General Atlantic and Tiger Global.