InvestorQ : Is Byju’s against raising funding in the market?
Juvina Maggie made post

Is Byju’s against raising funding in the market?

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Deepa Salunkhe answered.
1 month ago
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I think you mean again raising funds in the market. Yest they are planning to raise close to $600 million from slew of investors led by Abu Dhabi sovereign wealth funds; less than a few months after they had raised $250 million from Qatar Investment Authority. At that point, the enterprise valuation was $22 billion. This comes in the midst of net loss of Rs4,588 crore in FY21 and the recent decision to scrap nearly 2,500 jobs. At the same time, Byju’s also plans to hire 10,000 teachers in the next 6 months, apart from some critical senior leadership hires.

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