Middle East funds in talks to lead Byju's $1bln funding round
The funding round is likely to close in a month
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The funding round is likely to close in a month
A media report revealed that $700 million of the $1 billion will be raised through equity and one of the three Middle East-based sovereign funds is in talks to lead the round.
Around $700 million of the $1 billion funding round will be raised through equity, and one of the three Middle East-based sovereign funds is in advanced talks to lead the round
The $1 billion funding round, which is expected to close in a month, will help BYJU’S to prepay a part of the $1.2 billion term loan B it had raised in 2021
BYJU’S is reportedly nearing a deal to raise a mammoth $1 Bn from investors, in a mix of equity and structured instruments.