BYJU'S raising $1B from Facebook Co-founder's firm, others: Report

Online-education startup BYJU'S is raising about $1 billion from new investors including B Capital Group, founded by Facebook Co-founder Eduardo Saverin, Baron Funds and XN, Bloomberg reported. The funding will value BYJU'S at around $15 billion. BYJU'S existing backers, including T Rowe Price, are investing about $100 million each in the funding round, which is yet to close.