Byju’s seeks new funding at less than $2 billion valuation, a 90% drop

Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told TechCrunch. The Bengaluru-headquartered startup, once India’s most valuable, is looking to raise $100 million to $300 million in new funding via a rights issue, according to […] © 2023 TechCrunch. All rights reserved. For personal use only.

Jan 23, 2024 - 15:20

Byju’s seeks new funding at less than $2 billion valuation, a 90% drop

Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told TechCrunch. The Bengaluru-headquartered startup, once India’s most valuable, is looking to raise $100 million to $300 million in new funding via a rights issue, according to […]