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After Reliance Jio, Silver Lake invests in Byju’s.

The new round values Byju’s at $10.8 billion, up from its last valuation at $10.5 billion from its earlier Series F round that was closed in August.

Online learning platform Byju’s has raised a fresh round of funding of $500 million led by US-based private equity investor Silver Lake, along with participation from existing investors including Tiger Global, General Atlantic, and Owl Ventures.

Silver Lake’s investment into edtech platform Byju‘s comes shortly after the PE investor picked up a 0.93% stake in telecom major Reliance Jio for ₹4,546.8 crore in August.

The new round values Byju’s at $10.8 billion, up from its last valuation at $10.5 billion from its earlier Series F round that was closed in August, said a person aware of the deal asking not to be named.

This is a separate corporate round different from the earlier Series F round which was closed in August 2020, and there more new international investors who are expected to fund Byju’s in the next few quarters, the person mentioned above added.

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