Byju's (Rights Issue)
Funding Details
Awarder
RSS - techcrunch.com
Date Award
June 13, 2024
Vertical
Edtech
Valuation
$25,000,000
Funding Amount
$200,000,000
Company Info
Organizations Involved
BlackRock, Prosus, Peak XV, UBS, Bond, Sands Capital, Verlinvest, Tencent, Canada Pension Plan, Tiger Global, World Bank’s IFC
Founders
Byju Raveendran
Location
Bengaluru, India
Coinvestors
General Atlantic, Sofina
Company Description

Byju’s is an edtech startup based in Bengaluru, India. The company has faced challenges in raising funds and has been embroiled in legal issues related to allegations of oppression and mismanagement by its shareholders. Byju’s valuation has significantly declined from its previous high, and the company has been struggling to maintain operations and pay employees.

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