$400m

Funding billionaire Milner is eyeing for Indian education start-up Byju

DST Global, the investment firm headed by billionaire Yuri Milner, is close to investing as much as $400 million in Indian online education start-up 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 start-up after Alibaba Group Holding-backed financial payments brand, Paytm.

The Russian-Israeli billionaire, one of the world’s bestknown technology investors, is an early backer of the largest internet firms including Alibaba, Facebook Inc. and Twitter Inc.