Bengaluru, Jan 10: Education technology company Byju’s is learnt to have raised $200 million in a funding round from Tiger Global Management, which has valued the Bengaluru-based start-up at around $8 billion, making it the third-largest unicorn (start-up valued over $1 billion) in the country.
With this, the Byju Raveendran-founded company has seen over 50 per cent jump in its valuation in just around nine months. In March 2019, Byju’s was valued $5.4 billion, when it raised around $31 million from General Atlantic, and Chinese investment giant Tencent.
At the current valuation, Byju’s has now replaced home-grown cab-hailing major Ola as the third-largest unicorn, next only to Paytm and OYO, which are valued around $16 billion and $10 billion, respectively.
Byju’s confirmed the transaction through a press statement, though the company declined to share any specific details of the deal. Tiger Global could not be immediately reached for its comments.
“We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” said Raveendran. “This partnership is both a validation of the impact created by us so far and a vote of confidence for our long-term vision.”
This is Tiger Global’s first investment in the edutech space in India after Vendantu, an online tutoring platform, where it, along with WestBridge Capital, led a $42-million round in August.
An early backer of India’s internet growth story, the New York-headquartered Tiger Global has been a prolific investor in the Indian start-up space. Its portfolio in the country ranges from consumer focused e-commerce companies that are vital for the growth of the sector, such as Flipkart, Delhivery, Grofers, Quikr and PolicyBazaar, to mention a few.
After tasting success with Flipkart, one of its earliest investments, where it had pumped in around $1 billion, the PE major is now doubling down its focus on the Indian start-up space, under its new investment head Scott Shleifer.
Shleifer, who set up international private equity practice for Tiger Global, is said to be as aggressive deal maker like his predecessor Lee Fixel, who left the investment firm in March. Since then, Tiger has also invested in a host of technology-focused companies in diverse sectors including Ninjacart, CRED, NoBroker and Facilio to mention a few.
“Byju’s has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India,” Shleifer was quoted in the press statement issued by the edutech firm.
Mr Kodichal's in a press meet last week had strongly supported Muslim Personal Law and stated that polygamy is far better than prostitution.
Comments
whoever want to oppose muslim talaq system or polygamy matter in please learn about it then come to talk about it.........
@ #13 Naren Kotian Singapore.
Naren please join our Sister Jashodaben Fans Group,We will make you the President of our Fans Club.If possible we will expand our fans club in Singapore also.
Xavier Mamu,
Cool down, Don't be frustrated. Chaddi brothers will never come to your support when you are in trouble. Relax. Dont forget the Church Attack.
Mr Ibrahim is right, Allah's command is final, no one can change
if you do also it will be fail....
ISLAM is peace religion, never said do not feed non muslims and anti social activities... Always says respect them and their priest
Islam says see the neighbor's hunger and feed them.
DO GOOD WORK FOR SOCIETY and MAKE FAIL TO ALL HATE MONGERS.
Who the hell all these muslim hate mongers tom dicky harry to shed crocodile tears when muslim women muslim community have no objection with the issue. I doubt the husbands of those sharing dias have single relationship. They might have one by legal. But God knows howmany have made back door exit entry . We all knew how the aids spread and who are responsible for it. Haati ke daant khaane ke aur dikhane ke aur. This is bitter truth. Let them look into the referendum in their own community instead tarnish the image of islam and muslim community. They have raise the issues like casteism, untouchability , abortion, devadasi system, alcohol, prostituion, dance bars, fast track hearings for murders and rapists.
Alhamdulillah muslims are proud to be muslim. Islam is the way of life evidencing people embaracing it across the world after practicing different religion majority among are women. Subahanallah. This shows how the hate mongers are hatching the conspiracy against the peace religion. Inspite the efforts Islam will stan firm . More they try malign larger will benefit islam. Tareeq gawah hai.
Dear Ms. Bhat,
In Islam polygamy only allowed to those person who has the capacity to look after with justice. Of course, women are not a use & throw item. Do not under estimate polygamy. It can solve lot of social problems. If you think that marry more than one is just for satisfaction purpose, then do you have any answer about Lord Krishna, who has married 16,000 women?
Look at the frustration ..muah...chummah gang completely in disarray ...hahaha...jashoda Ben fans Anthe .. This community took women as property and they were raping women under the strict rules...this is the main reason 60% prostitutes in kamati puram are from -----community. Ree faizhal Bhai elree idira ....burqa togondra. . I mean for protest rally ge.....rikacha nu seriskondu bidi ....swalpa straight and balukuva made irli ...yaake Andre burqa haaki kondirodu gandu antha gottagbaardu ...haha ...chennagi practice maadri ...
uncultured cong leader
Xavier Uncle. (Im sure he is not a Christian).
Jaun Zale. Dont comment just for the sake of Commenting.Rather Shut your Mouth.
Dear Aunties,
First tell Our Honerable Modi ji,To take care of his Own Wife our beloved sister Jashodaben. please tell him to give her the identity.So that she can spend rest of her life peacefully.
Abu Muhammad #6 CALM DOWN...
People are Ignorant of the REALiTY without making their research they come out and make bow bow by BLINDLY following their Evil Stupid thinking Leaders who also trap the IGNORANTS who want to live a life of UnAware of the consequences with the CREATOR...
Ms. Bhat, I advise you to marry first, change your status from single to marital, try to become a mother to someone and enhance your family tree. with regards to your queries or objection whatsoever, I strongly recommend you to read Chapter Talaq in holy Quran just once in your life time, do a qualitative study, then come to the public (I'm sure then you don't need to come) give your statement.
Sulochana Bhat, first look into your house - in your Brahmin community when husband dies, the widow is shaven, locked in the house and called MUNDE BIRANDI. Women in her period is kept out of the house like dirty dogs, you like your sister to be prostitutes than being a second wife enjoying all rights, freedom, respect and legal status. Your Lord Rama's father practiced polygamy, Pandavas practiced it, Your Lord Krishna had 16,108 wives officially wholesale polygamy ever recorded, Look into your various scriptures for further details and who practiced polygamy. Hindu kings had scores of official and un-official wives. For Polygamy and Divorce is the blessing from God Almighty. See the condition of your leader's wife - she has been suffering like hell in this world, neither divorced nor recognised as wife - Treated like worse than animal. This is the honour you and your Jumla party giving to the woman as your scripture says - NA STREE SWATANTRYA MARHATI.
Why public interested in personal or religious matter? Is anyone getting harm with these?
Dear sisters, very rarely you will find polygamy system followers in Islam. If they do it is their personal matter and better than prostitution. If any poor lady or someone getting respectful life what is wrong with it. Also remember, they should treat them equally so there is no questions about cheating or insulting.
The women in Pictures... and also those who want to increase their intellect...
Please watch this below video in YT
\Ahmed Deedats Amazing answers to 2 questions\""
Yes, polygamy is better than prostitution. Those who do not know the meaning of verses from Quran try to learn the meaning in your mother tongue then only you will be convinced what is and why polygamy.
dear hindu sisters the moment you know about the rights islam has given to women you will no longer remain to be non muslim, A true muslim, and most majority of muslim men dont treat women as objects it is the non islam religions which are treating women as sex objects, i think for these above ladies prostitution is justified if their husbands do , what a shame and they forget that prostitution with whom they are doing is a daughter, or wife or mother of someone., is it ok for them if someone do the same with their daughter or wife or mother.
ISLAM IS THE RELIGION WHICH IS THE TRUE AND THE ONLY WAY OF LIFE. AND ACCEPTED BY THE CREATOR, SUSTAINER AND THE CHERISHER OF THE UNIVERSE ALLAH THE ALMIGHTY.
BJP is concerned about woman....why they are not concerned about Modi's wife....she has been longing for joining him....why women's right group helping her....and not talking about it.......scared....hypocrites...
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