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Lenders To Byju's American Subsidiary Drag More Entities To Court.

The Game-Based Learning market is segmented on the basis of type, product, end user, etc. Segmentation helps provide an accurate description of the market.

Agencies Byju’s plans to raise funds at a lower valuation of $7-8 billion as the embattled edtech major looks to shore up its financials with adequate liquidity, a senior company executive said on Tuesday. Banking on overall “improved performance”, Think and Learn, the parent of Byju’s, is hopeful of a higher valuation ahead of its

Byjus subsidiaries Whitehat Jr and OSMO were the most underperforming assets in FY22, accounting for almost 45 percent of the total losses of edtech firm.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Edtech major Think and Learn, operating under brand BYJUS, on Tuesday, said its

Byjus plans to raise funds at a lower valuation of $7-8 billion as the embattled edtech major looks to shore up its financials with adequate liquidity, a senior company executive said on Tuesday. Banking on overall improved performance, Think and Learn, the parent of Byjus, is hopeful of a higher valuation ahead of its rights issue being planned in February to raise funds. Byjus India chief financial officer Nitin Golani said the company is in need of funds and plans to raise it at a lower valu...

Byjus, Indias most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firms various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byjus amendment proposal...

Byju's and its term loan B lenders have extended their US legal dispute delay until October 6, as they continue discussions for a out-of-court resolution.

In May, Alpha Inc, one of BYJU’S companies in the US, was taken to the Delaware court in relation to recovery of $1.2 billion.