Trilegal and Gunderson Dettmer have advised South Africa’s Naspers which, along with Canada’s state pension fund, counselled by AZB & Partners, recently invested $540 million in Indian educational technology startup Byju’s represented by Shardul Amarchand Mangaldas.

According to Reuters, after the latest investment, Byju’s, the creator of the most popular K-12 learning app in India, is now valued at $3.6 billion. Other investors in Byju’s include Tencent and the Chan Zuckerberg Initiative, a charity founded by Facebook Chief Executive Mark Zuckerberg and his wife, Priscilla Chan.

The Trilegal team was represented by partners Yogesh Singh, Samsuddha Majumdar and Nikhil Narendran.

The Gunderson Dettmer team was led by partner Jonathan C. Pentzien.

The SAM team was represented by partners Amit Khansaheb and Roshan Thomas. SAM recently advised food delivery app Swiggy’s on its $1 billion fundraising round, which was also led by Naspers.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

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