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In India, the top three unicorn companies are One97 Communications (the owner of Paytm), the ed-tech based Byju’s, and travel-based OYO Rooms.(Reuters) Exclusive

2021 appears set to be the best year for unicorns

By Vineet Sachdev, New Delhi
UPDATED ON MAY 24, 2021 06:31 AM IST
While new tech-based companies created new categories of businesses, the Covid-19 pandemic has only ensured that many more segments of business are conducted online, and startups in the area proliferate into new territories.
Byju Raveendran, founder & CEO of Byju's, an online Education Technology firm.(Mint)
Byju Raveendran, founder & CEO of Byju's, an online Education Technology firm.(Mint)

Byju’s aims to raise $150 million from UBS

By Tarush Bhalla, Bengaluru
PUBLISHED ON APR 30, 2021 01:31 AM IST
Byju’s is also in talks to raise $200 million more from other investors as part of the same funding round, said one of the two people cited above. Both of them spoke on condition of anonymity.
According to sources, Byju's is also in talks to raise an additional USD 600-700 million in funding that will help in further growth acceleration.(Hemant Mishra/Mint)
According to sources, Byju's is also in talks to raise an additional USD 600-700 million in funding that will help in further growth acceleration.(Hemant Mishra/Mint)

Byju's acquires Aakash Educational Services for about $1 billion

PTI |
PUBLISHED ON APR 06, 2021 10:47 AM IST
Byju's has acquired test-prep leader Aakash Educational Services for nearly USD 1 billion (about 7,300 crore) as India's biggest online education startup looks to build its position in the brick and mortar segment.
Byju’s had made content on its learning app free for all in response to schools being shut due to the Covid crisis and lockdowns.(MINT)
Byju’s had made content on its learning app free for all in response to schools being shut due to the Covid crisis and lockdowns.(MINT)

New investors value Byju’s at $11 billion

Hindustan Times, Bengaluru | By Madhurima Nandy, Bengaluru
UPDATED ON SEP 24, 2020 01:07 AM IST
The fund-raising is part of an ongoing $500 million funding round, and it topped the $10.8 billion valuation at which Byju’s raised funds earlier this month from a clutch of investors including private equity firm Silver Lake Partners, along with existing investors General Atlantic, Owl Ventures and Tiger Global.
Byju Raveendran, founder and CEO of Byju's, an online Education Technology firm.(Hemant Mishra/Mint File Photo)
Byju Raveendran, founder and CEO of Byju's, an online Education Technology firm.(Hemant Mishra/Mint File Photo)

This 37-year-old former school teacher is India’s newest billionaire

Bloomberg | By Saritha Rai
UPDATED ON JUL 29, 2019 10:31 AM IST
Byju Raveendran joined the rarefied club after his Think & Learn Pvt scored $150 million in funding earlier this month.
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