Silver Lake leads $500 million round in India’s Byju’s – TechCrunch

Byju’s has raised $500 million in a new financing round that valued the Indian online learning platform at billion, a source familiar with the matter said. The round is lead by Silver Lake, and existing investors Tiger Global, General Atlantic and Owl Ventures have also participated in …

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The startup said it has also doubled its revenue. “We are delighted to lead this investment and partner with Byju and his impressive team of education technology pioneers in their mission to help children in India and around the world achieve their true potential,” said Greg Mondre, Co-CEO of Silver Lake in a statement. “We look forward to working with them as BYJU’S builds on and accelerates its compelling growth trajectory by forging new partnerships and continuing to cultivate a comprehensive ecosystem of innovative educational offerings.

The round is lead by Silver Lake, and existing investors Tiger Global, General Atlantic and Owl Ventures have also participated in it, India’s second most valuable startup Byju’s said in a statement, but declined to reveal the size of the round and its valuation. “We are excited to welcome a strong partner like Silver Lake to the BYJU’S family,” said Byju Raveendran, co-founder and CEO of Byju’s in a statement. “We are fortunate to be in a sector of positive relevance during this crisis.

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