Byju’s eyes $200 million at 99% valuation cut
MUMBAI: Troubled edtech startup Byju’s has launched a rights issue to raise $200 million from existing investors at a valuation of $225-230 million, a 99% drop from its peak valuation of $22 billion (October 2022) as it struggles with a funding crunch. In a statement, the company said that the funds will be used to … Read more