Byju's to become India's most-valuable startup after funding
The Bangalore-based startup was founded by Byju Raveendran. (File photo) NEW DELHI: Byju’s, India’s online education pioneer, is raising about $150 million from UBS Group AG at a valuation of about $16.5 billion, multiple people familiar with the deal said. The funding will make it India’s most-valuable startup. An entity that is part of UBS Asset Management is making the investment. It is in discussions to invest additional money, which would take its total investment in Byju’s to about $300 million, the people said, who asked not be identified as the negotiations are private. The s...
Source: indiatimes.com