Gen Atlantic, Tencent Put Rs 80cr more in Byju’s owner

NEW DELHI: Private equity firm General Atlantic and Tencent, the world’s fifth-largest internet company, have put in an additional Rs 75-80 crore in Think and Learn Pvt Ltd, 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, according to filings submitted by the company and accessed by business signals provider paper.vc.

The latest cash infusion in Byju’s comes about three months after the firm closed a $540 million equity financing led by Naspers Ventures, the investment arm of the South African internet and entertainment conglomerate, and Canadian Pension Plan Investment Board in December last year, which valued it at over $3.6 billion.