Byju’s in the discussions to go public via Churchhill SPAC deal

Byju’s is in the process to raise about $4 billion and seek a valuation of about $48 billion.

Byju’s is an online tutoring company, founded in the year 2011 by Byju Raveendran and Divya Gokulnath. The company appears to be in advanced discussions with several investors including one of the Churchhill Capital’s special- purpose acquisition companies to go public.

People familiar with the matter say, Byju’s is likely to raise about $ 4 billion and seek a valuation of about $ 48 billion. However, an announcement is yet to come and could be in January. And, Byju’s or Churchhill could still opt out of such deal since the negotiations are still not final.


Earlier, In November 2020, Byju’s raised US$200 million at a valuation of $12 billion. In June 2021, Byju’s became India’s most valuable Ed-Tech startup with a valuation of $16.5 billion, surpassing fintech company Paytm’s $16 billion valuation.

Since the pandemic the company has seen significant growth rate due to the online education system. The Bengaluru based company, Byju’s provides online lessons to Indian students for not only school level but also provides one-to-one coding, math, science, and competitive level examinations such as JEE and NEET.
Last year, the company overtook another startup company Whitehat Jr in a $300 million deal.