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.
