Byju's is raising about USD 150 million from UBS Group AG that will value the edtech major at about USD 16.5 billion, according to sources. UBS could also infuse additional funding into Byju's that has seen significant growth in the past few quarters on the back of strong uptake of online education, the sources close to the development said. Byju's declined to comment, while response from UBS Group AG could not be immediately ascertained. Think & Learn Pvt Ltd, which operatesByju's, is backed by marquee investors like Mary Meeker, Yuri Milner, Chan-Zuckerberg Initiative, Tencent, Sequoia Capital, Tiger Global and others. It is estimated to have raised over USD 2 billion in funding to date.