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Byju’s Targets Global Expansion For Its Digital Education Service After Raising $540M – Techcrunch

by techcrunch.com posted 3months ago 63 views
India-based educational startup Byju’s was widely reported to have raised a massive $400 million round and now the company is making things official. The ten-year-old company revealed today it has pulled in a total of $540 million from investors to go after international opportunities. The round is led by Naspers, the investment firm famous for backing Tencent that also includes educational firms Udemy, Codecademy and Brainly among its portfolio. The Canadian Pension Plan Investment Board (CPPIB) provided “a significant portion” of the round, according to an announcement which also revealed that the deal included some secondary share sales.

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