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Tag: Naspers Ventures

Byju’s Secures $540 Million for Global Expansion
17Dec By Gauri SinghNo Comments
FUNDING

Byju’s Secures $540 Million for Global Expansion

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 m...
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Edtech Major Byju’s Secures an Amount of $400 million
12Dec By Gauri SinghNo Comments
FUNDING

Edtech Major Byju’s Secures an Amount of $400 million

The popular edtech platform Byju’s has raised funds amounting to $400 million in a financing round led by Naspers Ventures and CPPIB. Naspers is a venture arm of South African media giant best known for its early bet on China's Tencent. On the other hand, CPPIB is a new investor. A private equity firm GeneralAtlantic, which has also picked up some secondary shares in the company.  These funds have amounting raised to fuel its global expansion plan of the company. The transaction is expected to value the company at around $3.6 billion which would make it the fifth most valued private internet company in India after Flipkart ($22billion), Paytm ($16 billion), Oyo ($5 billion) and Ola ($4 billion).  Byju’s is in the advanced stages of expanding to Engli...
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