Byju values $5.4 Billion after raising funds from General Atlantic and Tencent

byjus app - startup article

Key Highlights

Byju achieves a market valuation of $5.4 Billion.

$25 Million funds from General Atlantic makes promoter group led by Byju Raveendran to hold the highest stake 36% in the firm.

Byju has total raised around $367million of the total $540million in series F funding round.

Byju’s massive series F funding round has attracted eyes of the complete market. Bengaluru based Education Technology platform has recently achieved a market valuation of $5.4 Billion after raising $25 Million from existing investors General Atlantic. This fund has made Byju fourth most-valued private internet company in India.

According to sources and filings with the ministry of corporate affairs (MCA) the fresh funding round will value promoter group led by Byju Raveendran to 36% shareholding in the Bengaluru-based company to Rs 13,267 crore, or $1.9 billion. 

This deal has made company one of the only major venture capital-backed companies where founders still hold over 30% stake and have also made Ravendran his wife Divya Gokulnath and brother Riju one of the wealthiest entrepreneurs of India.

This funding occurred after three months when in December African investment giant Naspers had led a $540 Million funding round in the firm along with General Atlantic, Tencent, and CPP Investment.

In ongoing series F funding round, Byjus since October has raised around $367 million of the total $540 million. In this $367 Million General Atlantic had poured in Rs 199.1 crore via 72,570 Series F CCCPS priced at Rs 72,570.46. As per this share price and the 3.48 lakh equity shares (including warrants) of the company, the valuation stood at $3.26billion.

. In the same move in December Nasper contributed $176.6 Million through 1.59 lakh Series F CCCPS priced at Rs 77,595.05 each. During December valuation of the firm was $3.49 Billion. Soon after an investment of Nasper next day CPP Investments fueled Rs 886.43 crore while purchasing 1.14 lakh shares of the very class but each at a price of Rs 77,868.09, upgrading the valuation of the firm to $3.5 billion.

Recently in the first week of March General Atlantic invested Rs 33.29 crore scoring 4,000 shares at Rs 82,882.5 each. This funding has enhanced valuation to $3.73 Million. In the same series, Tancent has recently invested Rs 173.24 crore in 15,187 shares at a price of Rs 1,14,060.98 each.

Now with these funds, the post-money valuation of the company has attained over $5 Billion. It is expected that with the closing of series F funding round the valuation of the company will hike to $6 Billion.

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