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Updated: Byju’s raises $540 million from Naspers and CPPIB

Update on Dec 17: Education startup Byju's has raised $540 million in a round led by Naspers, with participation from Canada Pension Plan Investment Board (CPPIB), the company confirmed in a statement. Last week, multiple publications reported that the company had raised $400 million from Naspers, CPPIB, as well as General Atlantic. The company will expand internationally and invest in technology to personalize education. Byju's is looking to launch an international product which 6 months. and is also working on a K-3 product for India. Byju's metrics Byju's claims to have registered 30 million users 2 million annual paid subscriptions Users in over 1700 cities in India An average engagement time of 64 minutes daily Claims to have grown 100% in the last 3 years Claims to be on target to triple revenue to Rs 1400 crore this year ** Earlier on Dec 12: Online education and tutoring company Byju's, run by Think and Learn Pvt Ltd, has raised $400 million in a fresh investment round from Naspers Ventures, Canada Pension Plan Investment Board, and General Atlantic, reports Mint. The publication cites RoC filings accessed via Paper.vc. The report cites an anonymous source as saying that the company is now valued at nearly $4 billion, which would make it the 4th most valuable startup in India after Paytm, Ola Cabs, and Oyo Rooms. Previous funding Byju's has raised $666.6 million in funding to date, according to CrunchBase. July 2017: Undisclosed sum (~35 million) from Chinese internet conglomerate Tencent March 2017: Undisclosed amount (~30 million)…

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