Byju's To Raise $200 Million Via Rights Issue; Valuation Drops 99% From 2022 | Byju's

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1.1 هزار بار بازدید - 6 ماه پیش - Edtech firm BYJU's is set
Edtech firm BYJU's is set to raise $200 million through a rights issue, aiming to achieve operational sustainability. This fundraising effort is crucial for the company, valued between $220 million and $230 million after a significant drop from its 2022 valuation of $22 billion. The rights issue comes at a challenging time for BYJU's, which has struggled to secure external capital for the past 21 months. To address immediate liabilities and meet operational requirements, the founders have already infused $1.1 billion into the company over the past 18 months.


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6 ماه پیش در تاریخ 1402/11/10 منتشر شده است.
1,120 بـار بازدید شده
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