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Edtech startup Byju becomes biggest unicorn in India

Company raises $340m, surpassing fintech unicorn Paytm

 Demand for online learning is rapidly increasing in India, amid the ongoing COVID-19 crisis. (Photo by Kosaku Mimura)

NEW DELHI -- Education technology company Byju's has overtaken Paytm to become the most valuable Indian startup after raising about $340 million in fresh funding at a valuation of $16.5 billion.

Digital payments company Paytm is currently valued at about $16 billion.

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