Can we put an end to the #FakeNews that Byju’s is raising $1bn at $22bn valuation!? 😓😓
https://twitter.com/jshilanjanm/status/1657258427855544320?t=cQdEqkujY51Rs2n94mbt6A&s=19
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Indian Startups on
by Narddawg_cornell
Unnamed
Byju’s on their way to raise $ 1 billion through Middle East-based sovereign funds.
A media report revealed that $700 million of the $1 billion will be raised through equity and one of the three Middle East-based sovereign f...
https://www.businesstoday.in/amp/entrepreneurship/story/byjus-is-raising-1-billion-through-a-mix-of-equity-structured-instruments-claims-report-380710-2023-05-10
Indian Startups on
by somefinetofu
Stealth
A fun read on the Byju's situation
Some investors want Byju Raveendran out of the company, yes, but others want to give him more money!
The best trades are opportunistic
https://boringmoney.in/p/investors-rights-issue-sue-byjus?utm_source=grapevine&utm_medium=social&utm_campaign=investors-rights-issue-sue-byjus
Indian Startups on
by DingDong
Razorpay
Just in : BlackRock cuts Byju’s valuation by 95% to $1 billion 🌀
Sad state of Indian Edtech. Next would be Unacademy.
BlackRock has yet again cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 ...
https://techcrunch.com/2024/01/11/blackrock-cuts-byjus-valuation-by-95-to-1-billion/