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Edtech Byju’s Secures $1.2 Billion as Term Loan B Funding Round

What BYJU’S is and what does it do?

BYJU’S is India’s largest ed-tech company and the creator of India’s most loved school learning app. Launched in 2015, it offers personalised and effective learning programs for classes 1 to 12. It had 50 million registered students and 3.5 million paid subscriptions.

Who founded BYJU’S?

Byju Raveendran and Divya Gokulnath in 2012.

How much has BYJU’S raised?

It has raised $1.2 billion via a term loan from the overseas market. The company has been planning a IPO for early next year and is confident it can surpass a valuation of $40B then.

Who has invested in BYJU’S?

 As a TLB, or Term Loan B, an institutional type of term loan, the identity of lenders can remain unknown. Byju’s worked with US investment banks JPMorgan and Morgan Stanley to structure the loan. 

What domain name does BYJU’S operate on?

The EdTech giant uses its EBM (exact brand match), with

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Born in Paris a long time ago, fmr investment banker turned novelist, professional Twitter scroller, avid news reader/writer.
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