India: Byju’s set to raise funds at over $2 billion valuation

Online tutoring start-up Byju’s is in advanced talks with at least two new investors—private equity firm General Atlantic and Singapore government-owned Temasek Holdings—to raise $200-300 million, according to three people directly aware of the development. If the talks are successful, the deal will value Byju’s, run by Think and Learn Pvt. Ltd, at $2.2-2.4 billion, the people said on condition of anonymity. The transaction is expected to close within the next few weeks, they said.