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AZB & Partners has advised SLP Beta Cayman (Silver Lake) as one of the investors in Indian online learning platform Byju’s $1 billion fundraising round, which values the company at $15 billion.

According to the Economic Times, this round—a continuation of its capital-raising to fund the recent acquisition of Aakash Educational Services — takes its total fundraising to $1.5 billion, which the decacorn is expected to use for acquisitions.

Byju’s said that the pandemic drove strong growth for its business, with 20 million new users signing up to use the platform four months after the outbreak-induced lockdowns, the newspaper added.

Partner Roxanne Anderson led the AZB team.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

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