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Billionaire Milner Nears $400 Million Funding in Byju’s

Yuri Milner
Yuri MilnerPhotographer: David Paul Morris/Bloomberg
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DST Global, the investment firm headed by billionaire Yuri Milner, is close to investing as much as $400 million in Indian online education startup Byju’s, according to a person familiar with the negotiations.

The deal values Byju’s at $10.5 billion and could be signed as early as this weekend, said the person, who didn’t want to be identified as the talks are private. The transaction would make Byju’s India’s second-most valuable startup after Alibaba Group Holding-backed financial payments brand, Paytm.


The Russian-Israeli billionaire, one of the world’s best-known technology investors, is an early backer of the largest internet firms including Alibaba, Facebook Inc. and Twitter Inc. His DST has also funded a string of high-profile Indian startups such as online retailer Flipkart Online Services Pvt., ride-hailing startup Ola, food-delivery startup Swiggy and business e-commerce startup Udaan.