Byju’s seeks $200 million in rights issue at 99% valuation cut
Once pegged as India’s most-valued startup, at $22 billion, edtech firm Byju’s is bracing itself for a 99% cut in its valuation as part of a potential rights issue.Think & Learn, which runs Byju’s, has approached its existing shareholders to secure an immediate cash infusion of up to $200 million, the company said on Monday.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndi...
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