Byju's secures $400 million from CPPIB, Naspers, Alteria Capital and others – TechGraph

Byju’s secures $400 million from CPPIB, Naspers, Alteria Capital and others

A Bengaluru based edtech startup Byju’s has raised $328 Million (Rs 2,32.18 crore) in series F round funding.

According to the Mint reports, Canada’s CPPIB Investment Board led the round with the participation of Naspers Ventures BV and General Atlantic a Singapore based investment firm including some existing investors.

Talking about the fresh round funding, Vinod Murali, Managing Partner of Alteria Capital told Mint that “A direct investment of a big pension fund into the Indian venture ecosystem is a positive sign and opens up international markets for Byju’s.” “I expect them (Byju’s) to use the new round funds to fuel their overseas expansion plans.”

We earlier in November reported that “Byju’s is planning to raise $200million – $300 million at the valuation of $3.5 billion.”

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