The latest round of funding from Naspers and others has made Byju’s founder Byju Raveendran a billionaire. Edited excerpts:When you initially started the funding process early this year, you were looking to raise much less, at a lower valuation. Because the business has almost doubled in the last six months, naturally the valuation went up. The valuation growth is not because there were a lot of investors wanting to come on board—it’s mostly to do with the business growth. The valuation growth that you see over the last 13-16 months, that’s proportionate to the business growth.

Source: Mint December 18, 2018 02:37 UTC