Edtech unicorn BYJU'S has surpassed fintech major Paytm to become India's most valuable startup after its latest round of funding.
Regulatory filings reveal that BYJU'S has raised $350 million from UBS Group, Blackstone, Zoom founder Eric Yuan, Abu Dhabi state fund ADQ, and Phoenix Rising among others, at a post-money valuation of $16.5 billion.
Paytm, meanwhile, is valued at $16 billion, and is targeting a post-IPO valuation of $25-30 billion. Interestingly, BYJU'S and Paytm are the only two Indian startups among the world's top 20 unicorns, according to startup intelligence firm CB Insights.
