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Having raised over USD 850 million this year so far, on top of the USD 1 billion-plus funding it received from investors in 2020, the company is likely to continue its acquisition spree.
Startups such as Urban Company, Paytm, and Byju’s have set up relief funds to help employees impacted by COVID-19.
Byju’s is raising about USD 150 million from UBS Group AG at a valuation of about USD 16.5 billion, making it the most valuable Indian startup.
Founders of Byju’s, Paytm, and Zerodha also featured in the billionaire list.
The company is targeting a revenue of USD 1 billion in the financial year 2020-21.
If the talks go through, it would be one of the largest consolidation deals in the Indian edtech space.
What should have been a smooth-sailing ride for WhiteHat Jr after getting acquired by edtech giant Byju’s, it turned out to be a rocky one.
In 2020, Byju’s raised over USD 1 billion from existing and new investors, which took the company’s total funding to date to USD 2.32 billion.
The investors who KrASIA spoke with said, in the hindsight, there has never been a better year for tech startups than 2020.