Funding round
BYJU'S Growth
Reported as "Growth Equity"
BYJU'S, which works in live online class services in Bengaluru, raised $30M in a Growth round announced on 29 Mar 2017, at a $600M post-money valuation. 1 firm took part. It is BYJU'S' third venture round on record; the one before was a Growth in Sep 2016.
$30M
Amount raised
$600M
Post-money valuation
1
Investors
no lead named
5.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced BYJU'S at $600M after the new money. The $30M bought investors about 5.0% of the company. It came 6 months after BYJU'S' Growth. It is 2.2% of the $1.35B BYJU'S has raised in the venture rounds on record. BYJU'S raised again 24 months later: a Series B round of $25M in Mar 2019, at $5.40B post-money.
BYJU'S' funding rounds
BYJU'S has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Growth 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 this round 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
1 firm took part; no lead investor was named.
Investors
- backs 21 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 |
|---|---|---|---|---|
| Flipkart Online Marketplace | 20 Mar 2017 | $1.00B | $10.00B | not named |
| Banks & ATMs | 6 Mar 2017 | $102M | $320M | BBVA |
| Surveying Services | 7 Mar 2017 | $39M | not disclosed | not named |
| Batteries | 27 Mar 2017 | $32M | not disclosed | not named |
| Tech Companies | 21 Mar 2017 | $20M | not disclosed | Updata Partners |
| Language & Speaking Schools | 30 Mar 2017 | $12M | not disclosed | SJF Ventures and Inherent Group |
| Adoption Agencies & Foster Care | 13 Mar 2017 | $7.3M | not disclosed | not named |
| Tech Companies | 22 Mar 2017 | $4.0M | not disclosed | Growth Street Partners |
Questions
Frequently asked
How much did BYJU'S raise in its Growth round?
BYJU'S raised $30M in its Growth round, announced in Mar 2017.
Which investors took part in BYJU'S' Growth round?
Verlinvest.
What was BYJU'S' valuation at the Growth round?
$600M post-money.
Did BYJU'S raise again after this round?
Yes: a Series B round in Mar 2019 of $25M at $5.40B post-money.