Valuation jump in last 13-16 months proportionate to business growth: Byju’s founder

Byju Raveendran of Think and Learn Pvt. Ltd that runs edutech start-up Byju’s. Photo: Mint

With its mammoth $540-million funding at a valuation of $3.6 billion, Byju’s has entered the top tier of the club of Indian unicorns—startups valued at $1 billion and over—becoming the fourth-most valued startup in the country. In an interview on Monday, Byju’s founder and chief executive Byju Raveendran, a newly minted billionaire, spoke about why Byju’s valuation has seen a jump, how it plans to deploy the fresh capital and whether the company will go for an IPO in a few years. Edited excerpts:

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