Byju’s becomes the 13th most valuable startup in the world

Homegrown edtech startup BYJU’S is now the 13th most valuable startup in the world, as per CB Insights’ latest unicorn tracker.

The Byju Raveendran-owned decacorn is presently valued at $21 billion, making it the most valuable edtech company in the world. BYJU’S is followed by Yuanfudao, a Chinese edtech company valued at $15.5 billion.

The rise of the Bengaluru-based startup has been particularly noteworthy in the last 20 months, when education became digital-first as a result of the COVID-19 pandemic’s compulsions.

Byju Raveendran is the founder and CEO of BYJU’s. BYJU’S not only increased its user base and income, but it also completed a spate of acquisitions throughout the world (8 this year) and raised billions of dollars in venture capital as a result.

BYJU’S has raised over $5.18 billion in funding since its debut in 2015, according to CB Insights. A total of $1.3 billion was raised in 2021 alone.Tiger Global, General Atlantic, Chan-Zuckerberg Initiative, Tencent Holdings, Sequoia Capital India, Sofina, Qatar Investment Authority, International Finance Corporation (IFC), Lightspeed Venture Partners, and Owl Ventures, among others, have invested in the e-learning company.

Surprisingly, no other Indian startup makes the top 50 list. OYO (valued at $9.4 billion) is a distant second at 54th place. Publicly traded enterprises are not considered unicorns by CB Insights. As a result, companies like Paytm, Nykaa, and Zomato (all valued at over $10 billion) aren’t included.

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