Byju's raising $ 1.5 billion in the wake of the pandemic and its current funding valued at $ 21.5 billion is attracting a lot of investment banks encouraging the edtech platform to jump into public markets by next year.

Some banks suggested a proposed valuation ranging from $ 40 billion to $ 45 billion, whereas other banks namely Morgan Stanley for one have a $ 50 billion valuation, given the edtech platform lists next year.

Since most Indian startups such as Zomato for instance have raised $ 1.3 billion at the Indian stock exchange, followed by others like Paytm, PolicyBazaar, Nykaa, ixigo, MobiKwik lining up for IPOs. It's no wonder that banks and financial institutions are beginning to show interest in proposing valuation to these firms to go public.

Byju has also been playing well in this game by raising $ 460 million earlier this year facilitating a valuation of over 13 billion. But it does not end there, in fact, the edtech platform has partnered with Google to help Indian schools with online learning. The partnership will bring together Google Workspace for Education and Byju's Vidyartha to build a collaborative and personalized digital platform that will be free for participating educational institutions.

Educators participating in the program will be able to provide remote learning to their students using the edtech's math and science pedagogy and learning solutions, which include chapter-by-chapter slides, preset assignments, data banks, summary sheets, and handouts.

The startup has spent a large chunk of its recent funding rounds on acquisitions. It paid roughly $1 billion for Aakash, an Indian physical training institute, earlier this year. It has also paid over $1 billion in cash and stock for Great Learning and Epic, both of which are based in the US.

Byju's trains students for undergraduate and graduate-level courses, and it has recently enlarged its catalog to include all students in school.
Tutors using the Byju app use real-life objects like pizza and cake to teach complicated concepts.

The pandemic spurred its growth, as well as that of numerous other online learning firms such as Unacademy and Vedantu, who were forced to close schools for months due to the pandemic.

Byju Raveendran, the founder, and CEO of the eponymous startup, has previously stated that he plans to float the company in two to three years. The edtech platform has not set a precise schedule for an IPO.

Byju's claimed to have over 80 million members as of early this year, with 5.5 million of them paying subscribers. According to Raveendran, Byju's is on target to produce $300 million in revenue in the United States this year, and as much as $1.1 billion in total revenue by the end of the calendar year.