Byju's raises $50Mn in Series F round funding

• India's most valuable startup Byju's has raised Series F round funding led by IIFL. IIFL invested $35Mn while Maitri Edtech invested $15Mn in the edtech startup.

• On June 12 Byju's raised $340Mn from investors such as UBS Group, Zoom founder Eric Yuan, Blackstone, Abu Dhabi sovereign fund ADQ, and Phoenix Rising-Beacon Holdings.

• Byju's valuation currently stands at $16.5 Mn.

• In April, Byju's also acquired Aakash Educational Service Ltd. for nearly $1Bn.