South Africa's Naspers leads $540 million investment in Indian tech startup

Bob van Dijk

Naspers and Canada’s state pension fund have invested $540 million in Indian educational technology startup Byju’s, the South African internet giant said on Monday.

Bengaluru-based Byju’s launched a learning app in 2015 that offers tools for school students in India, a country with the world’s largest number of children in primary education.

The latest investment values the firm at around $3.6 billion, Indian media reported. “The investment will drive the Byju’s team to further innovate, explore and set new benchmarks for tech-enabled learning products,” Naspers said in a statement.


“The company has plans for international market expansion and will make bold investments.”
Byju’s has over 30 million registered students, Naspers said, without giving details of the company’s financial performance.