In order to gain funds, Byju's is in discussions with TPG and sovereign funds
Byju's raised billions of dollars in financing with the support of the Chan Zuckerberg Initiative, General Atlantic, and Tiger Global
Source: techstory.in
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Byju's Lays Off Over 1,000 Employees, 2nd Mass Jobs Cuts In A Year: Report
Byju's has reportedly laid off over 1,000 employees, the second layoff in the edtech major in less than six months.
Source: ndtv.com
BYJU'S Early Investors Looking To Sell Stake
Several early investors in BYJU’S, including Lightspeed and Chan Zuckerberg, are reportedly looking to sell stake in the edtech major.
Source: inc42.com
Byju's founder raising funds to buy back as much as 15% of firm
Bangalore-headquartered startup has raised more than $5 billion to date
Source: gulfnews.com
Byjus raising funds to buy back atleast 15% of the firm
To become financially beneficial by March, Byjus is in the process of revamping the corporate purpose and lowering marketing expenses.
Source: techstory.in