Indian edtech startup Byju's rakes in $540m funding at valuation of $3.6b

Byju’s has raised $540 million as part of a mammoth funding round led by Naspers Ltd, valuing the edtech startup at $3.6 billion and the fourth most valuable startup in India, behind the likes of digital payments firm Paytm (One97 Communications Pvt. Ltd), cab-hailing service Ola (ANI Technologies Pvt. Ltd) and budget hotel chain Oyo Rooms (Oravel Stays Pvt. Ltd).