CPPIB | Pixr8 News

Education technology platform Byju’s has raised $540 million funding round led by South Africa's Naspers Ventures as it looks to fuel its global expansion plan, according to a company statement. The transaction is expected to value the company at around $3.6-3.7 billion, making it one of the top five most valued internet companies in India. The round also saw participation from the Canada Pension Plan Investment Board (CPPIB) and private equity firm General Atlantic, as ET had reported earlier this month. The round will give the company a pre-money valuation of around $3.2 billion to the company. A small part of the $540 million round is also expected to be used for a secondary share purchase, mostly by General Atlantic. The development ma...

Canada’s national pension fund which is managed by Canada Pension Plan Investment Board (CPPIB) has put in nearly C$7 billion ($5.30 billion) in India soon after making an entry into the market ten years ago. It is seeking opportunities to put in money in the Indian infrastructure, real estate projects and power. Canada’s largest public pension scheme is seeing India as the main area for investment in Asia. This seems to be because India invests a valuable amount into infrastructure development. “As a long-term investor, Asia Pacific is very important... India is our focus market in the Asia Pacific,” said Suyi Kim, senior managing director and head of Asia Pacific, CPPIB. Indian Government that is led by Prime Minister Narendra Modi has plans to bolster the economy. Also, it aims to ...

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Byju’s Secures $540 Million for Global Expansion

Canada’s National Pension Fund to Augment Investment in India