Naspers leads multi-million dollar investment in Indian edtech startup

South Africa’s Naspers has invested $540 million into Indian educational startup, BYJU’S, a learning app for primary and high school pupils in India.

According to the technology and media giant, a “significant portion” of the investment is also being contributed by the Canadian Pension Plan Investment Board (CPPIB), which will be used “to further innovate, explore and set new benchmarks for tech-enabled learning products.”

The startup, launched in 2015 by Byju Raveendran, boasts over 30 million pupils using its learning app with over 2 million cumulative annual paid subscriptions.

Back in 2016, the Chan Zuckerberg Initiative, invested in the Indian education technology company, which Raveendran believes could become the world’s largest education company.