Byju's 13th most valued unicorn, first Indian start-up to reach $21-bn
Byju’s, the most valued edtech startup in the world has entered this year’s global list of 35 elite unicorns with over US$ 10 billion valuation. Byju’s becomes the first domestic startup to reach a valuation of US$ 21 billion and ranks 13th largest unicorn in the globe based on a report by CB insights.
China and US accounts of 75% of the top 35 start-ups in the world this is despite the recent crackdown on startups in China. UK has three while India, Australia, Brazil and Sweden have one each in the list.
Oyo rooms and Ola could have entered in the India’s US$ 10bn plus startups list, but second wave of the pandemic hit those expectations. Many other players too dropped off the list like Zomato, Policybazaar.com and Paytm, because they have gone for IPO and are listed in the exchange.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.