Byju's Raises $250 Million From Existing Investors With this funding round, Byju's total fundraise since its inception in 2013 moves close to $6 billion, in which half of it spent for acquisitions and strategic investments in 18 to 20 startups

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Byjus Twitter handle

Edtech company Byju's, on Monday, has raised $250 million in a fresh funding round. The fund round witnessed the participation from existing investors including Qatar Investment Authority (QIA), Sequoia Capital, Tiger Global, Tencent, Naspers General Atlantic, Lightspeed and many other undisclosed names. As per reports, the fundraise comes in line with the company's announcement to lay off 2500 employees across teams, while enlisting a slew of optimization measures to profitability by March 2023.

"Byju's is now at that sweet spot of its growth story where the unit economics and the economies of scale both are in its favour. This means the capital that we now invest in our business will result in profitable growth and create sustainable social impact. Regardless of the adverse macroeconomic conditions, FY23 is set to be our best year in terms of revenue, growth and profitability. Continued support from our esteemed investors re-affirms the impact created by us so far and validates our path to profitability," said Byju Raveendran, founder and CEO, Byju's, in a statement.

According to reports, with this funding round, Byju's total fundraise since its inception in 2013 moves close to $6 billion, in which half of it spent for acquisitions and strategic investments in 18 to 20 startups. The reports also stated that Byju's has moved to clear its debt and other balances in recent months by clearing all its dues to Blackstone by paying $234 million. The edtech firm also generated a gross revenue of $1.258 billion in the FY22.

Regarding the layoffs, consolidation and other cost-cutting measures, in last week, Byju's reportedly said that, "These steps are also meant to prepare a path towards a stellar listing eventually as the world's largest edtech company that has turned profitable, eventually."

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics


International Security Firm Welcomes Female India Native to an Essential Leadership Position

Yasmin Brar has been appointed as the Operations Strategy Director, a role that underscores the company's commitment to innovation, expansion, and strategic management

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.


The CEO of Catholic Prayer and Meditation App Hallow Says Founders Need to Be Part of Something Bigger Than Themselves

On this episode of "The CEO Series," learn about the soulful journey of Hallow's CEO and founder Alex Jones.


6 Tips for Successfully Communicating Your Personal Brand

Follow these simple guidelines to stand out from the crowd and effectively broadcast your own personal brand to the world.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.


The Deeptech Innovator: Aman Singh, Co-Founder & Head of Analytics, Intangles

Their next trigger of growth centres around expanding presence and offerings in the global market