Private equity major General Atlantic and Tencent. The world’s fifth-largest internet company, have put in an additional Rs 75 crore-Rs 80 crore in Think and Learn, the owner and operator of ed-tech platform Byju’s Learning.
General Atlantic, which made Byju’s its first bet in the broader Indian consumer internet ecosystem in December, has pumped in Rs 33.28 crore for over 4,000 compulsorily convertible cumulative preference shares, or Rs 82,882.50 per share. The company’s valuation is now believed to be a shade over $4 billion. Naspers Ventures and CPP Investment Board paid Rs 77,600 and Rs 77,870 per share, respectively.