Qatar sovereign fund likely to invest $200-250 million in Byju's

The QIA deal follows Byju's raising money from the Canada Pension Plan Investment Board (CPPIB), which was also the first direct investment by the Canadian pension fund in an Indian start-up

Byju’s is closing a $200-250-million funding round from Qatar Investment Authority (QIA), the sovereign wealth fund of the West Asian nation, another proof of the home-grown education technology company’s growth prospects. The deal will mark QIA’s first direct investment in an Indian start-up.
 
Sources directly familiar with the deal said the term-sheet had been signed between the two parties, and the deal will see QIA acquiring less than 5 per cent stake in the Bengaluru-based start-up. It could not be ascertained whether any of the existing investors are making secondary stake sale.
 
A spokesperson of Byju’s declined to