Byju's raises $300 mn in fresh funding from Naspers, Canada Pension Fund

Byju's confirmed the investment but did not divulge any details

Think & Learn, which runs India’s largest online tutoring platform Byju’s, has raised $300 million in fresh funding from South African Internet giant Naspers and CPP Investment Board Private Holdings (CPPIB), a Canadian pension fund, bringing on-board two prolific international investors to supports its growth.

The investment follows a $100-million infusion by General Atlantic, a New York-based private equity fund, in September, bringing the total funds raised in the current round to $400 million. The latest round values the seven-year-old company at $3.6 billion, a source in know of the transaction said.

Byju’s confirmed the investment but did not divulge