DST Global CEO Yuri Milner. Photo credit: Stuart Isett/Fortune Brainstorm Tech, under Creative Commons license

DST Global, a venture capital firm headed by famed investor Yuri Milner, is on the cusp of a deal to invest as much as $400 million in Byju’s, the Indian online education startup, as first reported [paywall] by Bloomberg. According to Bloomberg, DST Global has worked up a deal to invest in Byju’s at a valuation of $10.5 billion and could reach a final agreement as soon as this weekend. In this year alone, Byju’s had raised some $500 million in funding from a group of investors. The company’s most recent financing round occurred just this June and valued it at $10.5 billion, cementing its position as the second top-most valued startup in India, only beaten by payments company Paytm. Altogether, Byju’s has raised some $1.5 billion in funding since its inception.

DST Global isn’t at all new to investing in India, having already backed well-known technology companies in the country such as Flipkart, Swiggy, and Ola Cabs. Bearing true to its name, DST Global makes investments globally, with stakes in companies located anywhere from the U.S. to China and to Europe. Since its founding in 2005, DST has backed dozens of technology companies including some that have gone on to become globally recognized giants.