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Byju’s Founder in $800 Million Funding Round With BlackRock

Byju Raveendran
Byju RaveendranPhotographer: Paul Yeung/Bloomberg

Byju Raveendran is investing $400 million in his namesake and India’s most valuable startup, Byju’s, leading an $800 million funding round alongside investors BlackRock Inc., Sumeru Ventures and Vitruvian Partners.

Raveendran’s stake will increase by nearly 2% in Byju’s parent Think & Learn Pvt., according to a person familiar with the development. The round values the startup at $22 billion, said the person who asked not to be identified as the information is private. That takes the founder group’s holding to about 25%.