South Africa's Naspers leads $540 million investment in Indian tech...
17 Dec 2018 8:30 AM GMT
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.
- JOHANNESBURG (Reuters) - 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.
- The latest investment values the firm at around $3.6 billion, Indian media reported.
- Founded more than 100 years ago, Naspers has transformed itself from a newspaper publisher into an $87 billion empire, thanks to its one-third stake in Chinese tech giant Tencent.
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