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Silver Lake invests in edtech company Byju’s

Online learning platform Byju’s has raised funds from US-based private equity firm Silver Lake, along with existing investors including Tiger Global, General Atlantic and Owl Ventures, the company said in a statement on Tuesday. While the company didn't specify the amount, it is believed to be $500 million, according to multiple news reports. Before this, Silver Lake had invested $1.35 billion in Jio Platforms. It has also invested in Airbnb, Alibaba, Ant Financial, Alphabet’s Verily and Waymo units, Dell Technologies, and Twitter. Byju's has seen several rounds of investments since the beginning of this year. In January, Tiger Global had invested $200 million in Byju's, which was followed by an investment of the same size by General Atlantic in February. Then in June, the company had raised around $100 million by US-based investor Bond, and raised another $122 million funding…

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