Byju’s kicks off 2021 funding with $460 million round from MC Global Edtech, B Capital, Baron, others

After raising over $1 billion in 2020, edtech decacorn (unicorns valued at $10 billion or above) Byju’s has kicked off its 2021 fundraising. Led by Byju Raveendran, the company has now raised Rs 3,328 crore (around $460 million) in its long ongoing Series F round. Investment firm MC Global Edtech Investments Holdings, which led the round, contributed around half of the amount at approximately $222 million, according to the regulatory filing. Facebook co-founder Eduardo Saverin’s startup fund B Capital also participated through its Asian and global entities apart from other investors including TIGA India, TCDS India, Arison Holdings, XN Exponent Holdings, Baron Emerging Markets Fund and Global Advantage Fund.

The full article was originally published on Financial Express