Funding round
BYJU'S Growth
Reported as "Growth Equity"
BYJU'S, which works in live online class services in Bengaluru, raised $800M in a Growth round announced on 11 Mar 2022, at a $22.00B post-money valuation. 4 firms took part. It is BYJU'S' sixth venture round on record; the one before was a Series F in Aug 2020.
$800M
Amount raised
$22.00B
Post-money valuation
$21.20B pre-money
4
Investors
no lead named
2.2x
Step-up from the Series F
$10.00B in Aug 2020
3.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced BYJU'S at $22.00B after the new money, 2.2 times the $10.00B of its Series F (Aug 2020). The $800M bought investors about 3.6% of the company. It came 19 months after BYJU'S' Series F. It is 59% of the $1.35B BYJU'S has raised in the venture rounds on record. BYJU'S raised again 14 months later: a Growth round of $250M in May 2023, at $22.00B 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 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 this round 11 Mar 2022 $800M$22.00B post-money
- Growth 12 May 2023 $250M$22.00B post-money
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- Sumeru Ventures new investor
- backs 27 venture-backed companies new investor
- BlackRock new investor
- Byju Raveendran
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations, acquisitions and working capital.
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Learning, Tutoring & Courses, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Learning, Tutoring & Courses | 1 Jun 2022 | $57M | $407M | Alpha Wave Global |
| Learning, Tutoring & Courses | 8 Nov 2021 | $51M | $500M | Premji Invest |
| Cross River Banks & ATMs | 30 Mar 2022 | $620M | $3.00B | Eldridge and Andreessen Horowitz |
| Doctolib Tech Companies | 15 Mar 2022 | $550M | $6.40B | Eurazeo |
| Tech Companies | 16 Mar 2022 | $250M | $1.00B | Vista Equity Partners |
| Oil & Gas - Extraction & Distribution | 1 Mar 2022 | $250M | not disclosed | Continental Resources |
| Payment Processing & Point of Sale | 8 Mar 2022 | $245M | $1.00B | Blue Star Innovation Partners |
| Vitamins & Supplements | 10 Mar 2022 | $240M | not disclosed | i80 Group |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did BYJU'S raise in its Growth round?
BYJU'S raised $800M in its Growth round, announced in Mar 2022.
Which investors took part in BYJU'S' Growth round?
Sumeru Ventures, Vitruvian Partners, BlackRock and Byju Raveendran.
What was BYJU'S' valuation at the Growth round?
$22.00B post-money ($21.20B pre-money).
Did BYJU'S raise again after this round?
Yes: a Growth round in May 2023 of $250M at $22.00B post-money.