Byju’s raises Rs 908.9 crore from DST Global

India’s largest edu-tech company Byju’s is raising about Rs 909 crore in funding from billionaire Yuri Milner-led DST Global, according to regulatory documents.

According to the documents filed with the Corporate Affairs Ministry by Byju’s, which is operated by Think and Learn Pvt Ltd, 20,622 shares will be offered to DSTG VII Investments-2-IN Ltd, 17,777 shares to DST Asia VII and 4,267 shares to DSTG VI Investments-A-IN Ltd. “…the company proposes to offer and issue 42,666 Series F compulsorily convertible cumulative preference shares (Series F CCCPS)…for a total consideration of Rs 908,96,55,520 to DST Asia VII, DSTG VI Investments-A-IN Ltd and DSTG VII Investments-2-IN Ltd…” it added.