Baijus Learning Utility, a startup in the field of education and technology, is gaining crores of investment. The most recent investment is $ 350 million. This brings the total value of the Bajus startup.5 16.5 billion (approximately Rs. 120832.47 crore). Baijus, India’s most valuable startup, is ranked 11th in the world.
UPIS Group, Blackstone, Abu Dhabi state-owned holding company ATQ, Zoom founder Eric Juan and Phoenix Rising-Beacon Holdings have invested in Baiz. With this, the value of the Baijus venture rose to $ 16.5 billion. Baizus is behind the $ 16 billion PTM.
Company sources said the company is now raising $ 350 million as part of a $ 1.5 billion investment drive that began in April. Earlier in April, the company raised $ 1 billion from investors such as Baron Funds, P Capital Group and XN Exponant Holding. Baijus acquired Akash Education Services Limited (AESL) in April for $ 1 billion.
Launched in 2015, Baijus has more than 80 million students in use. 55 lakh people use the paid service of Baiz app. Between April and September 2020, the Byzantine application added 45 million new students.
The beginning of Baiju Raveendran from Kannur is growing
Baiju Raveendran, from Ajikot in Kannur, is investing in the use of Baiju as a startup. Only this year came a huge investment. The purpose of the application is to provide quality education to students at low cost using all the possibilities of technology. Proponents of her case have been working to make the actual transcript of this statement available online.
It was also reported that Facebook founder Mark Zuckerberg had previously invested in the Payges app. The San-Zuckerberg initiative, started five years ago by Zuckerberg and his wife, Dr Priscilla Chan, has invested Rs 332 crore. Bangalore-based Start-up Think & Lane Pvt Ltd is a start-up led by Baiju Raveendran. The project was launched in 2011 and launched in 2015 in the form of an application.
English Summary: Baiju raises $ 350 million, making it the most valuable Indian startup