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The Bengaluru-based edtech firm has approached Apollo Global Management for a $200-250 million structured funding for its unit Aakash Education Services, the report said.
The edtech firm has offered to increase the interest rate by around 200 basis points, but it is yet to agree on the lenders' prepayment condition, the report said.
The fresh funding round, which is in the final stages, may be closed in the next one to two weeks.
The fresh funding round, which is in the final stages, may be closed in the next one to two weeks.
BYJU’S is reportedly in talks to raise over $500 Mn in funding from multiple investors, including private equity group TPG.