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BYJUs has raised a whooping USD 700 m (6000 cr.) in this market

BYJUs has raised a round of 700 M last week in a tight funding market, investors are said to be Middle East based sovereign wealth fund. It is said messi partnership and fifa World Cup had introduced the firm to Middle East sovereign funds

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cuckingfunt99

Stealth

a year ago

Fund raising koi isse seekhe
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MetalMan20

Stealth

a year ago

Something that's been debated for quite some time, to clarify they've received term sheets for investments and these could go either way depending on how the conversation progresses. It's more indicative of what Byjus wants to raise despite the current situation, not actual money in the bank that they have recieved!
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TookTook

Stealth

a year ago

Keep looting investors đź‘Ť
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thickjoe

import export co.

a year ago

crap, its a scam
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Indian Startups on

by Careermode

LivSpace

Byju’s Hid $533 Million in Fund Run out of an IHOP outlet 🤯

Absolutely crazy stuff. To summarize what I read: 1) Byju's apparently transferred $533Mn to Camshaft Capital - a random hedge fund in Miami that was started by a 23 year old, with barely any investing experience. 2) This hedge fund is run out of a building that has an iHOP (yes the food chain). When asked about the whereabouts, nobody even recognizes if the fund actually exists there 3) This fund typically accepts only upto $50Mn. How come Byju's transferred $533Mn to them? 4) 2023 Ferrari Roma, a 2020 Lamborghini Huracán EVO, and a 2014 Rolls-Royce Wraith -> All registered on this fund's papers 5) Now, Byju's lenders have filed a case against Camshaft in the US. Link to original article: https://www.bloomberg.com/news/articles/2023-09-12/byju-s-hid-533-million-in-hedge-fund-camshaft-run-from-miami-ihop-lenders-say#xj4y7vzkg

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Indian Startups on

by DarkerKnight

Stealth

Byjus raising 1b again?

Are they for real? After so much backlash

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Indian Startups on

by AGIcoming

Google

Byju's has raised nearly 6 billion in total and is now valued at 6 billion $. How does this work?

Byju's has raised nearly 6 billion in total and is now valued at 6 billion $. How does this work? I mean won't this mean all equities of byju's will now be with VCs?

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Layoffs on

by StartupBabaSr

Zomato

Byju's about to close $250 million funding

Just heard that Byjus is about to close $250 million funding. Can someone confirm if this is true?

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Indian Startups on

by AlphaGrindset

Series A Startup

Byju’s manages to raise more capital… yet again 👀

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News Discussion on

by Aragorn_urf_Maverick

Accenture

How long before Byjus runs out of funds?

What could they do to undo this downward spiral?

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Indian Startups on

by BiryaniEnthu

Stealth

Companies who can raise money in recession have my respect!

The network and expertise works in favour too, but I admire how persuasive the founders would be to convince for such an amount.

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Indian Startups on

by AlphaGrindset

Series A Startup

Watching Captains of the World on Netflix. Just remembered Byju’s was a sponsor for the FIFA World Cup 2022.

This in addition to all the cricket sponsorship. And then getting Messi as an ambassador. All of this happened not so long back, and now the company is down to a 1 Billion dollar valuation. What was the meaning of all of this? How was this allowed to happen. There needs to be a documentary soon on Byjus.