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India's Byju's Is Said Valued at $3.6 Billion After New Funding

The BYJU'S learning app.

The BYJU'S learning app.

Photographer: Dhiraj Singh/Bloomberg
Updated on

Byju’s, an Indian education startup, more than doubled its valuation to $3.6 billion after a funding round led by Naspers Ventures and the Canada Pension Plan Investment Board.

The company raised $540 million, which will be used to fuel an expansion into English-speaking countries, Bangalore-based Byju’s said in a statement on Monday. The new valuation puts it among the top five on CB Insights’ ranking of India startups.