Indian edtech unicorn Byju's raises $460m funding led by MC Global Edtech Investment

Byju Raveendran, the founder of Byju's. Photo: Hemant Mishra/Mint

Indian edtech major Byju’s has raised close to $460 million in an ongoing Series F round led by MC Global Edtech Investment Holdings LP.

The company has approved the allotment of 1,40,233 Series F Compulsory Convertible Preference Shares (CCPS) at a face value of Rs10 and a premium of Rs2,37,326 per share to raise the sum, Entrackr reported quoting the company’s regulatory filings.

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