<b>Naspers</b> Invests Huge In India-Based Ed-Tech Compnay Byju's | RetailTechPodcast

Naspers Invests Huge In India-Based Ed-Tech Compnay Byju's

Africa's tech giant Naspers and Canada's state pension fund have reportedly pumped in a total of $540 million as an investment in Indian Education technology platform Byju's. Naspers has released an official statement confirming the investment. According to the statement, the investment money will be used to fuel Byju's global expansion plan. "The investment will drive the Byju's team to further innovate, explore and set new benchmarks for tech-enabled learning products," the statement read, reported Reuters. As part of the investment deal, Russell Dreisenstock, Head of International Investments at Naspers Ventures, will be joining the Byju's board. "We partnered with Byju's because we believe the company's success in India will translate across borders in any country where students are looking for an innovative and engaging form of education beyond the classroom." The latest round of investment is expected to value Byju's at around $3.6-3.7 billion, making it one of the most valued ed-tech companies in the world and one of India's top five most valued internet companies. Read more