Byju Raveendran eying an IPO in the next 15-18 months: Byju's
Byju's is planning an IPO in the next 15-18 months. "An IPO is very much on the cards, but not in 2021. Every other day, bankers are contacting me, but we are only looking at it in the next 15-18 months," Raveendran told reporters
India's most valued startup has raised $660 million in the capital this year alone. Raveendran said Byju's has been growing at 100 per cent year-on-year and now, amid the pandemic, the company's growth is getting accelerated on a higher base.
"This year, we will grow much more than 100 per cent. If you have ambition, skill and access to capital, the perfect trifecta, nothing can stop you," he added.
With a valuation of $16.5 billion, Byju's is the world's largest ed-tech venture and India's biggest unicorn. It is now in talks with several investors to raise $1-1.5 billion at a valuation of nearly $21 billion, a 27 per cent jump from the $16.5 billion valuation that it had achieved after the funding round in June.
The company is aiming at generating revenue worth $5-billion by 2023-2024, which could make it one of India's five most valuable companies.