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Announced

Completed

BlackRock, Sands Capital, and Silver Lake led a $500m funding round in Byju’s.

Financials

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Transaction Value£384m
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales28.4x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Education Services

education courses

India

Venture Capital

Acquisition

Private Equity

Friendly

Single Bidder

Private

Minority

Cross Border

Completed

Synopsis

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BlackRock, Sands Capital, and Silver Lake led a $500m funding round in Byju’s, an online learning platform, valuing the company at $10.8bn. The round was also joined by Alkeon Capital, Tiger Global, General Atlantic and Owl Ventures. “We are excited to welcome Blackrock, Sands Capital and Alkeon as our partners. As we continue to create engaging and personalised learning solutions, partnerships like these reaffirm our commitment to build and transform the global learning landscape through technology, innovation and quality pedagogy. Continued support from our existing investors is a testament of their confidence in us and our mission," Byju Raveendran, Founder and CEO. 22/09/2020: BlackRock, Sands Capital, and Alkeon Capital join Byju's $500m investment round.

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