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DST Global Looking to Invest in Education Unicorn Byju’s

Startups

CIO Bulletin
2020-08-04

Billionaire Yuri Milner’s DST Global is looking to invest in the Indian education startup Byju’s. The investment firm is reportedly going to invest as much as $400 million. If the deal goes through, Byju’s would be only second to the financial payments startup Paytm in terms of startup valuation. The company will be valued at over $10 billion after the deal is signed. For now, deal talks are being held behind closed doors.

The education startup has revolutionized the learning scene in India and the company has seen massive growth in a short period of time. The company’s promise has attracted major investors like Chan Zuckerberg Initiative, Naspers, and Tiger Global Management.

Byju’s was founded in 2011, by an educator Byju Raveendran who hails from a family of educators. India places a high emphasis on education and his idea of simplifying math and science concepts through quality teaching on its app has struck a chord in the Southeast Asian country.

DST Global’s investment will further give the rising education startup more initiative to innovate. The investment firm has invested previously in some Indian startups including Swiggy (food delivery startup) and Ola (ride-hailing startup).