In the last months, the unmet demands of a home-bound population offered new economic opportunities to tech giants all over the world. But, it looks like Edtech Companies in India embraced these new changes faster and took the first-mover advantage to rise and shine. Their increasing Valuation and Funding are the proof.
Recently, one of the best Edtech companies in India, Byju’s, has accomplished the much-desired decacorn status following its most recent funding round driven by Silicon Valley investor Mary Meeker.
This investment of approximately $100 Million is valuing the Bangalore based Byju’s at more than $10.5 billion, making it the second most valuable startup in India, after mobile payment company Paytm, which has a valuation of approximately $16 billion. Founded by a former teacher, Byju Raveendran, the app serves around 57 million students across 1,700 cities in India. This most-desired funding round not just boosted the company’s valuation but also the net worth of Raveendran to $2.3 billion.
For Meeker, who is known for her support to giants like Facebook, Airbnb, and Uber, Byju’s is her first-ever investment in India. But, the question that is in mind of a number of budding entrepreneurs around the world after this deal is: Why Mary’s choice was Byju’s? What potentials did Mary saw in Byju’s before investigating such a hefty amount of money in it?
Let’s find the answer to the same:
