Business & Investment

India’s Most Valuable Byju Startup After Raising $ 350 Million For $ 16.5 Billion

Byju’s is currently India’s most valuable unicorn startup, with a valuation of $ 16.5 billion, ahead of fintech company Paytm’s valuation of $ 16 billion.

As of June 2021, Byju’s is the 11th most valuable startup in the world, according to CB Insights data.

The total number of unicorns in the world is 708, with a valuation of $ 231.9 billion. TikTok’s parent company, Bytedance, a Chinese company, is the world’s most valuable startup with a valuation of $ 140 billion.

Byju’s investors include Tencent Holdings, Lightspeed India Partners and Sequoia Capital India. Recently, it raised $ 350 million from UBS, private-equity giant Blackstone, Abu Dhabi Foundation ADQ, Phoenix Rising, and Eric Yuan, founder of video conferencing company Zoom.

Byju’s parent company, One97 Communications, is valued at $ 16 billion with investors such as Intel Capital, Sapphire Ventures and Alibaba Group.

Unicorn companies, or unicorn startups, are privately held companies with a valuation of over $ 1 billion. As of June 2021, there are more than 700 unicorns around the world. Popular former unicorns include Airbnb, Facebook and Google. According to CB Insights, this variant includes decacorn worth over $ 10 billion and hectcorn worth over $ 100 billion.

Oyo Rooms is worth $ 9 billion with investors such as SoftBank Group, Sequoia Capital India and Lightspeed India Partners.

The National Stock Exchange is worth $ 6.5 billion along with investors such as TA Associates, SoftBank Group and GS Growth.

Ola Cabs is worth $ 6.3 billion and has investors such as Accel Partners, SoftBank Group and Sequoia Capital.

Zomato is worth $ 5.4 billion with investors such as Sequoia Capital and VY Capital. Another food delivery chain, Swiggy, is valued at $ 5 billion and its investors include Accel India, SAIF Partners and Norwest Venture Partners.

Internet software company Dream11 is worth $ 5 billion with investors such as Kaalari Capital, Tencent Holdings and Steadview Capital.

Logistics company Udaan is worth $ 3.1 billion and has investors such as DST Global, Lightspeed Venture Partners and Microsoft ScaleUp.

Fintech company Razorpay is worth $ 3 billion along with investors such as Y Combinator, Tiger Global Management and Matrix Partners India.

Fintech company PineLabs is also worth $ 3 billion from investors such as MasterCard, Temasek and PayPal Ventures.

Logistics company Delivery is another company worth $ 3 billion, along with investors such as Times Internet, Nexus Venture Partners and SoftBank Group.

Policybazaar is valued at $ 2.4 billion, Renew Power is valued at $ 2.28 billion, fintech companies are valued at $ 2.2 billion, consumer companies are valued at $ 2.1 billion for FirstCry, software companies are valued at $ 2.1 billion for Meesho, and Sharechat is valued at $ 2.1 billion. ..

copany Unacademy is $ 2 billion, e-commerce company Urban Company is $ 2.1 billion, BillDesk is $ 1.9 billion, and Digit Insurance is the same number.

Lenskart is worth $ 1.5 billion, Five Star Business Finance is $ 1.4 billion, Rivigo is $ 1.07 billion, Snapdeal is $ 1 billion, and Inmobi, Ola Electric, Cars 24, Daily Hunt, Infra Market, and Grow are worth it.

(Sanjeev Sharma can be contacted at Sanjeev.s@ians.in)

–IANS

san / arm

(Only the headlines and photos in this report may have been reworked by Business Standard staff. The rest of the content is automatically generated from the syndicate feed.)



India’s Most Valuable Byju Startup After Raising $ 350 Million For $ 16.5 Billion

https://www.business-standard.com/article/companies/valuing-16-4-bn-byju-s-most-valuable-startup-in-india-11th-in-the-world-121061201069_1.html India’s Most Valuable Byju Startup After Raising $ 350 Million For $ 16.5 Billion

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