Byju is the biggest player in the edu-tech industry and one of the very first startups to kickstart the startup fever in India. One of the greatest superpowers of Byjuu2019s apart from acquiring other edu-tech companies is that they have managed to establish themselves as a standard for the edu-tech sector for better or worse. This standard has invited plenty of investor interest in the company and with that Byju has the ultimate weapon to get ahead of its competition, money. While in Bengaluru, Delhi NCR, Mumbai, Hyderabad, etc, startups are crying about the funding pool drying up for the upcoming new businesses, this has led to a slow-down in hirings and R&D, and startups even started to lay off people at mass, this was the official sign of funding winter setting in. In fact, according to reports by Traxcn, this funding winter is expected to last 12-18 months and the funding has dropped by 90% in July 2022. But this is a piece of worrisome news for the other startups, not for Byjuu2019s. Byjuu2019s are actually looking to raise half a Billion Dollars, that is 3900 Crore. The plans for Byjuu2019s with that funding are very aspirational as Byjuu2019s looks to place themselves as a strong player in the global market and they are looking for a few acquisitions in the US (obviously, it’s Byju’s lol). For this very goal, Byju seeks funding in the range of 400-500 Million Dollars and 250-350 Million Dollars from Abu Dhabiu2019s Sovereign Wealth Fund (SWF) and Qatar Investment Authority (QIA) respectively, Byju has refused to release any statement regarding this. Still, the reports suggest that the investor’s meeting is in the advanced stage and is likely to raise 500 Million Dollars with a valuation of 23 Billion Dollars.Byjuu2019s aspirations for blitzing the growth seem like a reach for the stars but with Byjuu2019s having a presence in 120 countries with 7.5 Million paid users, youu2019d expect Byjuu2019s to pull this off.
