Byju’s cuts valuation ask to $250M in rights issue amid cash crunch
Byju’s, the world’s most valuable edtech startup, has cut its valuation ask to $250 million in a rights issue it launched Monday as the Indian firm works to address its working capital needs. The startup is resetting its valuation to “next to nothing” in the rights issue, where all existing investors have an opportunity to […] © 2024 TechCrunch. All rights reserved. For personal use only.
Byju’s, the world’s most valuable edtech startup, has cut its valuation ask to $250 million in a rights issue it launched Monday as the Indian firm works to address its working capital needs. The startup is resetting its valuation to “next to nothing” in the rights issue, where all existing investors have an opportunity to […]
© 2024 TechCrunch. All rights reserved. For personal use only.
