Byju Raveendran, the founder of ed-tech firm Byju’s, has stated that the business plans to go public in the next 15 to 18 months.
This year alone, India’s most valuable company has garnered $660 million in venture financing. Byju’s has been expanding at 100% year over year; according to Raveendran, the company’s growth is now being accelerated on a more extensive basis due to the pandemic.
Byju’s is the world’s largest ed-tech enterprise and India’s biggest unicorn, with a valuation of $16.5 billion. It is presently in negotiations with several investors to raise $1-1.5 billion at a valuation of roughly $21 billion, up 27% from the $16.5 billion it received in the June funding round.
By 2023-2024, the firm hopes to generate $5 billion in sales, making it one of India’s five most valued enterprises.
