The educational app developer, which counts Tencent, Naspers and BCC among its investors, raised the money at a valuation of about $8bn.
Hedge fund manager Tiger Global Management has invested $200m in Byju’s, an India-based online education provider backed by corporates Naspers and Tencent, the Economic Times reported today.
The deal valued Byju’s at roughly $8bn and sources ‘indicated’ to ET that early investors may be set to exit through $100m to $200m in secondary investments in the near future. Its founders still own almost 35% of the company, according to ET.
Operated by holding company Think and Learn, Byju’s operates a…
