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BYJU's, India's most valuable startup, sought to reassure employees and partners after a weekend raid of the education company's offices by the agency that investigates money laundering in the country.
India s anti money laundering investigation agency conducted searches at offices of Byju s, the country s most valuable startup, as part of a probe an...
To control losses, Byju's has been implementing cost-cutting measures, including two rounds of layoffs that have affected around 3,500 employees.
Byju’s is also in talks with creditors to renegotiate an agreement governing a $1.2b loan
Several investment firms including TPG and two Middle Eastern sovereign wealth funds have begun due diligence on the Indian company, which is hoping to keep its valuation steady at about $22 billion during the financing