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Making sense of Byju's $1.7 billion buyout spree
Madhav Chanchani
Madhav Chanchani
With half a dozen acquisitions closed or in the works since August, the ed-tech major is operating more like a holding company of assets
April 08, 2021
5 MINS READ{The Crux brings you crisp and incisive analysis on the developments that matter. It’s a free read.}
What does it take to bring Facebook cofounders Mark Zuckerberg and Eduardo Saverin, whose fallout has been well documented in the movie The Social Network, together? The world's hottest education technology startup—Byju's.
While the Facebook CEO invested in Byju’s through the Chan Zuckerberg initiative in 2016 at less than $500 million valuation, Saverin's B Capital is investing in the company's latest round at a $13 billion valuation.
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