Amid Funding Woes, BYJU’S Set To Hit $1 Bn Jackpot Soon

Amid Funding Woes, BYJU’S Set To Hit $1 Bn Jackpot Soon

SUMMARY

The transaction will reportedly take place at BYJU’S current valuation of $22 Bn and is expected to close in a month’s time

.While $700 Mn would be raised via equity, the remaining $300 Mn would be secured through structured instruments

The funding round will help BYJU’S avert a potential debt crisis. The fresh funds will be used to prepay a part of the $1.2 Bn term loan B, which the company raised in 2021

Amid the ongoing funding winter and its multiple troubles, edtech decacorn BYJU’S is reportedly nearing a deal to raise a mammoth $1 Bn from investors, in a mix of equity and structured instruments. 

If the deal goes through, it would be one of the biggest funding rounds in the Indian startup ecosystem.

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