Funding round
BYJU'S Growth
Reported as "Growth Equity"
BYJU'S, which works in live online class services in Bengaluru, raised $75M in a Growth round announced on 22 Mar 2016. 2 firms took part. It is BYJU'S' first venture round on record.
$75M
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
BYJU'S did not disclose a valuation in this round. It is BYJU'S' first venture round on record, 1 year after it was founded in 2015. It is 5.5% of the $1.35B BYJU'S has raised in the venture rounds on record. BYJU'S raised again 6 months later: a Growth round of $50M in Sep 2016. Its next priced round, a Growth in Mar 2017, valued it at $600M.
BYJU'S' funding rounds
BYJU'S has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Growth this round 22 Mar 2016 $75M
- Growth 8 Sep 2016, led by Sequoia Capital and Chan Zuckerberg Initiative $50M
- Other not a venture round 20 Dec 2016 $15M
- Growth 29 Mar 2017 $30M$600M post-money
- Series B 28 Mar 2019 $25M$5.40B post-money
- Series F 27 Aug 2020 $122M$10.00B post-money
- Growth 11 Mar 2022 $800M$22.00B post-money
- Growth 12 May 2023 $250M$22.00B post-money
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- Sequoia Capital backs 589 venture-backed companies new investor
- Sofina backs 45 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Mar 2016 | $100M | not disclosed | not named |
| Pharmaceutical Products | 30 Mar 2016 | $53M | not disclosed | Pegasus Capital Advisors |
| AlphaSense Tech Companies | 8 Mar 2016 | $33M | not disclosed | not named |
| Tech Companies | 29 Mar 2016 | $33M | not disclosed | Z Venture Capital |
| Tech Companies | 22 Mar 2016 | $30M | not disclosed | FTV Management Company |
| Industrial Machinery & Supplies | 3 Mar 2016 | $25M | not disclosed | Catalyst Investments and Autodesk |
| Tech Companies | 15 Mar 2016 | undisclosed | not disclosed | not named |
| Investment Consultants & Financial Advisors | 10 Mar 2016 | undisclosed | $213M | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did BYJU'S raise in its Growth round?
BYJU'S raised $75M in its Growth round, announced in Mar 2016.
Which investors took part in BYJU'S' Growth round?
Sequoia Capital and Sofina.
What was BYJU'S' valuation at the Growth round?
It was not disclosed.
Did BYJU'S raise again after this round?
Yes: a Growth round in Sep 2016 of $50M.