Byju’s in talks to go public via a SPAC merger

Bengaluru-based edtech giant Byju’s is reportedly in talks to go public in the US via a SPAC merger. India’s most valuable start-up targets a valuation of over $45 billion and is looking to raise as much as $4 billion, becoming the biggest SPAC deal to date. 

Founded in 2011, Byju’s raised $3.82 billion to date from many prominent investors including UBS, T. Rowe Price, BlackRock, Tiger Global Management, Tencent, and General Atlantic. The company is reportedly in the process of closing another financing round at a valuation of over $21 billion.