BYJU’S looks to raise $500M at $23B valuation

  • Edtech major BYJU’S is likely to raise over $500 million at a valuation of around $23 billion in about a week. The company is planning to use the funding for acquisition in the US.
  • The company is in discussion with Abu Dhabi’s Sovereign Wealth Funds and Qatar Investment Authority for raising in the range of $400-500 million and $250-350 million, respectively.

[Via]