Byju's 1st edtech startup in India to hit $1 bn valuation

Bengaluru-based Byju's has become India's first edtech startup to hit $1 billion valuation following a share allotment to investors last year. The valuation comes after the fund infusion, including the one by China's Tencent and BCCL, as per filings. Byju's has secured nearly $245 million in funding so far and counts Sofina, Sequoia India, Verlinvest and IFC as key investors.