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Byju’s Seeks Fresh Funds, Slashes Valuation by 90% to Tackle Financial Woes

Leave a Comment / By / Education Community

Indian education giant Byju’s is reportedly planning to raise funds through a share issuance next month, seeking over $100 million from existing investors. The catch, however, is that the valuation of the once $22 billion startup will plummet by more than 90%, now placing the company at less than $2 billion. Sources familiar with the …

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Byju’s in talks with banks for $1 billion funding

Leave a Comment / By / Human Resource Community

Byju’s, India’s most valuable startup, is in talks with lenders to acquire more than $1 billion in acquisition financing as the online education provider looks to aggressively grow its business, people familiar with the situation stated. The Bangalore-based market leader is in talks with banks, including Morgan Stanley and JPMorgan Chase & Co., for funding …

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