Tiger Global-backed Byju’s is in talks for a U.S. listing through a deal with veteran dealmaker Michael Klein’s blank-check firm that could value the Indian edtech firm at $48 billion, a source told Reuters on Thursday.
Discussions with Churchill Capital’s special-purpose acquisition company (SPAC) about the deal, that could happen in mid-2022, are in advanced stages with plans to raise around $4 billion, the source added.
Indian startups have been on a tear in 2021, with several of them entering the “unicorn” club of $1 billion valuation, while high-profile names such as digital payments firm Paytm, food delivery firm Zomato, fashion e-commerce company Nykaa have made their public market debuts via huge IPOs.
Read more/Source: Reuters
