Funding round
BYJU'S Series B
BYJU'S, which works in live online class services in Bengaluru, raised $25M in a Series B round announced on 28 Mar 2019, at a $5.40B post-money valuation. It is BYJU'S' fourth venture round on record; the one before was a Growth in Mar 2017.
$25M
Amount raised
$5.40B
Post-money valuation
$5.38B pre-money
9.0x
Step-up from the Growth
$600M in Mar 2017
under 1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced BYJU'S at $5.40B after the new money, 9.0 times the $600M of its Growth (Mar 2017). The $25M bought investors about under 1% of the company. It came 24 months after BYJU'S' Growth. It is 1.8% of the $1.35B BYJU'S has raised in the venture rounds on record. BYJU'S raised again 17 months later: a Series F round of $122M in Aug 2020, at $10.00B 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 this round 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
Comparable rounds
How it compares
6 Series B rounds in Learning, Tutoring & Courses within a year either side disclosed an amount; the median was $9.2M, and this round was 2.7 times the median. The closest in time, other companies' Series B rounds in Learning, Tutoring & Courses:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Learning, Tutoring & Courses | 26 Aug 2019 | $28M | not disclosed | not named |
| Learning, Tutoring & Courses | 20 Aug 2019 | $4.0M | not disclosed | Hendale Capital |
| Learning, Tutoring & Courses | 1 Jun 2018 | $6.7M | not disclosed | not named |
| Learning, Tutoring & Courses | 8 Jan 2020 | $8.3M | not disclosed | Iron Pillar |
| Learning, Tutoring & Courses | 25 Feb 2020 | $35M | not disclosed | Asia Partners and InterVest |
| Learning, Tutoring & Courses | 12 Feb 2020 | $10M | $1.10B | NewView Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did BYJU'S raise in its Series B round?
BYJU'S raised $25M in its Series B round, announced in Mar 2019.
What was BYJU'S' valuation at the Series B round?
$5.40B post-money ($5.38B pre-money).
How does it compare with other Series B rounds in Learning, Tutoring & Courses?
6 Series B rounds in Learning, Tutoring & Courses within a year either side disclosed an amount; the median was $9.2M, and this round was 2.7 times the median.
Did BYJU'S raise again after this round?
Yes: a Series F round in Aug 2020 of $122M at $10.00B post-money.