Byju's announces plan to raise $200 million through rights issue
Founders of BYJU'S have invested more than $1.1 billion in the last 18 months
Source: gulfnews.com
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Byju's Announces Plan To Raise $200 Mn Through Rights Issue
New Delhi, Jan 29 (IANS) Think and Learn Private Limited (TLPL), the parent company of Byju’s, on Monday announced to raise $200 million by way of a rights
Source: glamsham.com
Byju's aims to raise $200 mn via rights issue at drastic valuation cut
Think and Learn Private Limited (TLPL), the parent company of Byju's, on Monday announced to raise $200 million by way of a rights issue to all its equity shareholders, in its bid to achieve operational sustainability.The proposed rights ...
Source: prokerala.com
Lenders move NCLT Bengaluru to initiative insolvency proceedings against Byju's
Two petitions have been filed before the NCLT, one is by US-based creditors and another is by an Indian unit of a French multinational company. Both petitions are yet to be filed
Source: barandbench.com
Byju's likely to slash its valuation by 90% to raise fresh funds
Byju’s, once counted among the world’s most valuable startups, is seeking to raise funds at a discount of more than 90% from its previous round to alleviate its financial problems.
Source: livemint.com