Byju’s gets $31 million from General Atlantic, Tencent

Byju's, Indian ed-tech startup, has raised around $31 million or Rs 215 crore from its existing investors General Atlantic and Tencent Holdings at a valuation of over $5 billion. The company’s filings show that General Atlantic has subscribed to 15,187 compulsorily convertible cumulative preference shares (CCCPS) at a premium of Rs 1,14,060 per share for about $25 million (Rs 173.24 crore)
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