Naspers Ventures is leading a funding round for Byju’s already sized at $322m, with a $400m target, that is valuing the online learning platform at $3.6bn.
India-based educational app developer Byju’s is in the process of raising $400m in a funding round led by Naspers Ventures, the corporate venturing arm of media group Naspers, the Economic Times reported today.
Canadian pension fund CPPIB and private equity firm General Atlantic are both participating in the round, with the latter also purchasing an undisclosed number of shares in a secondary transaction.
The company has already secured approximately $322m according to regulatory filings, and is expected to close the…
