New Delhi : Bengaluru based ed-tech company Byju’s has raised $460 million in its ongoing series F round led by MC Global Ed-tech Investment Holdings LP. The investment now values the ed-tech start-up at around $13 billion, according to regulatory filings.

This is the first fund raise for Byju’s this year as it had raised over $1 billion in 2020. With the development, the holding of the promoters’ group in Byju’s which includes founder and CEO Byju Raveendran and his family now stands at 26.09 per cent.

As many as nine investors participated in the funding round including Tiga Investments, TCDS (India) LP, Arison Holdings, XN Exponent Holdings, Baron Emerging Markets Fund and Baron Global Advantage Fund, according to news portal Entrackr, which first reported the development.

Founded by Byju Raveendran, the start-up is on an acquisition spree ever since it acquired Whitehat Jr in 2020 for $300 million. In January, it signed an acquisition deal with brick-and-mortar Akash Educational Services for $1 billion, which is also believed to be one of the largest ed-tech acquisition deals. It is also in advanced talks to acquire smaller rival Toppr for $150-160 million, according to multiple reports.

The Covid2019 pandemic set the demand soaring for the ed-tech firms like Byju’s which cater to students from kindergarten to Class 12.