Byju’s is in talks to raise $150 million from UBS Group AG at a valuation of $16-17 billion, two people familiar with the matter said. Byju’s is also in talks to raise $200 million more from other investors as part of the same funding round, said one of the two people cited above. Byju’s last raised $460 million in its Series F funding round last month, led by MC Global Edtech Investment Holdings LP, at a valuation of over $13 billion. Incidentally, UBS Group is also in talks to invest $400 million in Paytm, according to a Bloomberg report on 14 January. “There has been global interest to invest in India’s rapidly growing edtech space, and Byju’s is a clear example of that.

Source: Mint April 29, 2021 18:22 UTC