Byju’s appears always to be in a fundraising mode. In the wake of wiping up more than $340 million last week from a grip of investors, the organization has now raised another $50 million from two new investors – India Infoline Finance Limited and Maitri Edtech.

Byju’s has designated 12,750 Series F inclination shares at an issue cost of Rs 2,85,071.62 each to raise Rs 363.5 crore or $50 million, administrative filings with the Registrar of Companies show.

IIFL has driven the fresh tranche with $35 million or Rs 255 crore whereas Delaware-based Maitri Edtech has placed in $15 million or Rs 108.5 crore.

With this, the Bengaluru-based firm has wiped up more than $1.5 billion out of 2021.

It’s significant that the fresh tranche in Series F has gone ahead the heels of Byju’s previous one in which it raised Rs 2500 crore or $342 million from Fir Tree Partners, Asmaan Ventures, Blackstone, Phoenix Rising – Beacon Holdings, UBS, Abu Dhabi government store (ADQ) and Eric Yuan.

As indicated by media reports, the organization was esteemed at $16.5 billion and had outvalued Paytm to turn into the highest esteemed startup right now in India.

Following the fresh tranche, the prime supporters’ value has been weakened to 23.4%. Besides Byju’s Raveendran, his spouse Divya Gokulnath and sibling Riju Raveendran also own a stake in 10 years old organization.

While their holdings have been weakened from more than 33% to 23.4% in the past year, the value of their stake is more prominent than some other unicorn organizer’s in India. Paytm’s Vijay Shekhar Sharma is another author who has stakes worth over a billion USD. The joined stake of Byju’s prime supporters is worth around $3.86 billion.

Ritesh Agarwal appears to be the solitary originator of a hyper-financed unicorn who continues to hold around 30% of the organization. Agarwal increased his stake subsequent to procuring 15% of Oyo from Oyo’s beginning phase backers – Lightspeed and Sequoia.

For procuring an extra stake, Agarwal had taken a credit of $1.5 billion by promising his holding to Japanese lenders Mizuho Financial Group and Nomura.

Byju’s has arisen as the undisputed forerunner in the edtech space followed by Unacademy. It has arisen as a significant acquirer in the segment as well, having effectively taken more than Aakash Institute in $1 billion and WhiteHat Jr in $300 million and a couple of others.

The organization is also in the high level stage to gain The Great Learning, Mumbai-based Toppr and GradeUp.