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