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Byju’s becomes India’s most valuable startup ahead of Paytm
- Monday | 14th June, 2021
India’s edtech startup Byju’s has reportedly become the country’s most valuable startup with $350 million funding at a valuation of $16.5 billion, ahead of fintech major Paytm, which was last valued at $16 billion in 2019. Byju’s valuation stood at $11 billion in 2020, up from $5.75 billion in July 2019, as per various reports. According to a separate report by India’s Economic Times, Byju’s revenue doubled in the financial year ended March 2021 from the previous year. India’s Edtech space is growing, with all major players raising funds to grow operations. According to a recent report by transaction advisory firm RBSA Advisor, India’s ed-tech sector is projected to become a $30 billion industry in 10 years.
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