Byju’s has raised about $300 million as part of a larger round of new investment as the Indian edtech giant focuses on expanding its international business and aggressively explores merger and acquisition opportunities. A filing, supplied to TechCrunch by research firm Tofler, showed that the new investment values the startup at $18 billion, up from […]
Indian online learning platform Vedantu becomes unicorn with $100 million funding
Online learning platform Vedantu has raised $100 million in a new financing round and has become the latest Indian startup to become a unicorn following a year of strong growth. Vedantu, which last month refuted rumors of it considering a sale to Byju’s, said on Wednesday it has raised $100 million in its Series E […]
India’s UpGrad enters unicorn club with $185 million fundraise
UpGrad, a Bangalore-based startup that specializes in higher education and upskilling courses, hit a valuation of $1.2 billion with a $185 million funding round Monday as global investors plow record capital into firms in the world’s second largest internet market. Singapore’s Temasek led the financing round while the World Bank’s International Finance Corporation and IIFL participated. […]
India’s Vedantu not in talks to sell to Byju’s, top exec says
Indian online learning platform Vedantu is not engaging to sell the firm to edtech giant Byju’s, a top executive said on Friday. A report by Indian news outlet Entrackr said early Friday that Byju’s had offered $700 million to $800 million to acquire Bangalore-based Vedantu, which counts Accel and GGV Capital among its investors. In a […]