Byjus funding Archives

Byju’s Alpha sued by loan agent for $1.2 billion

One of India’s hottest tech companies, Byju’s Alpha, was sued by an agent for lenders owed $1.2 billion after months of negotiations between creditors and the education technology firm.The lawsuit was filed by Glas Trust Company and…

Byju’s ED probe: Byju Raveendran tells staff all cross-border transactions duly vetted

In the backdrop of an investigation by India's federal financial probe agency Directorate of Enforcement (ED), edtech startup Byju's founder and chief executive Byju Raveendran wrote to the company's employees saying all of its cross-border…

ETtech Exclusive | Snap’s India usage doubled in 2022: Evan Spiegel; Byju’s in funding talks with…

Snap Inc's cofounder & CEO spoke exclusively to ETtech about growth in the Indian market, leadership changes here, and focus on monetisation and regulations around Artificial Intelligence. This and more in today’s edition of the ETtech…

Byju’s lenders seek $200 million prepayment over restructuring $1.2B term loan B

Byju’s lenders have sought up to $200 million (about Rs 1,600 crore) in prepayment along with a higher rate of interest from the Bengaluru-headquartered company as a precondition to restructure its $1.2 billion (Rs 9,600 crore) term loan B…

Byju’s in process to raise $700 million at flat valuation

Edtech major Byju's has started a fundraising round to garner around $700 million (about Rs 5,750 crore), according to sources aware of the development. The company expects to close fundraising of about $250 million soon and finish the…

Byju’s likely to close $250 million equity fund raise in April

Edtech major Byju's is likely to close a $250 million equity funding deal in April at a $22 billion valuation, sources aware of the development said. The company had last raised $250 million in October at the same valuation."Byju's is in…

In five stories: a year of controversy for Byju’s

Byju’s, Indian highest-valued startup, had a torrid 2022 thanks to a series of controversies over its financials, unpaid loans, governance and layoffs, among other things. The ETtech team kept a close eye on all the developments…

Byju’s picks up Rs 300-crore loan from subsidiary Aakash

Ed-tech unicorn Byju’s has raised Rs 300 crore in loan from subsidiary Aakash Educational Services for conducting “principal business activities”, regulatory filings to the Registrar of Companies by the test-prep platform showed. The…

Byju’s raises $250 million from existing investors

Byju’s has closed a financing round of $250 million from its existing investors, including Qatar Investment Authority (QIA), which led the round with over $100 million, people aware of the details told ET. It includes sale of secondary…