Byju’s has raised $122 million from Israeli-Russian billionaire Yuri Milner's investment fund DST Global. Byju’s is allotting 42,666 Series F preference shares at an issue price of Rs 213,042.13 per share, show regulatory filings, according to a new age media platform which reported about Byju’s latest fundraising. Byju’s was reportedly in talks with DST to raise around $400 million and the new financing could be a part of those efforts, according to sources.
However, there has been no change in Byju’s valuation after this funding, according to the sources. For Byju’s, the capital has come after a month of raising funding from Silicon Valley investor and analyst Mary Meeker's Bond Capital, which helped the Bengaluru-based firm become a decacorn and cross $10.5 billion valuation.
Yuri Milner, is known as one of the best technology investors, is an early backer of internet giants such as Facebook, Twitter and Alibaba. His investment firm DST Global has also backed top Indian companies including e-commerce firm Flipkart, ride-hailing company Ola and food delivery firm Swiggy. Earlier, Milner had also backed consumer Genetics Company 23andMe, earth imaging firm Planet Labs and Cadre, a real-estate tech startup co-founded by Jared Kushner, son-in-law of the US President Donald Trump.
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