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Sequoia scores 21-fold return in Indian edtech exit

Byju's shares sold to General Atlantic, Naspers Ventures and Canada Pension Plan

Eleventh-grade student Akshath Mugad uses the Byju's learning app at home in Mumbai. The app has 2 million paid subscribers. (Photo by Kosaku Mimura)

NEW DELHI -- Investors in the world's most valuable education technology startup Byju's have reaped roughly $314 million in a partial selldown of the company.

Sequoia Capital, Times Internet, SCHF PV Mauritius, and Mark Zuckerberg's philanthropic organization the Chan Zuckerberg Initiative have together managed to take home about 22.3 billion rupees by partly selling their stakes in the company in 2019, reported Entrackr, a technology news provider focused on India.

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