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

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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.”

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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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Krishna Mali
Krishna Mali
Founder & Editor of TechGraph

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