Byju’s to enter league of giants with estimated valuation reaching new high

Online learning startup Byju’s has been on a fund-raising spree and its valuation has hit new highs. The Bangalore-based digital-education pioneer is getting ready to raise $150 million from UBS group which will value the startup at about $16.5 billion, reports suggest. Earlier on April 11, there were reports that Byju’s had raised about $1 billion from new investors, including former Facebook co-founder Eduardo Saverin's B Capital Group, Baron Funds and XN. With the valuation now estimated around $16.5 billion (approx Rs 1,22,183 crore), we looked at where the ed-tech startup stands compared to some of the Indian giants in terms of their market capitalisation.