Byju’s Initiates $200 Million Rights Issue for Growth and Sustainability
Byju’s plans $200 million rights issue for growth. Valued at less than $250 million post-issue. Founder Raveendran and investors to subscribe. Blackrock’s valuation lowered to less than $1 billion. Funds to support capital expenditure and sustainability. Byju’s nearing operational profitability. Revenue doubled to Rs 5,298.43 crore in 2021-22. Byju’s Strategic Move: A $200 million rights … Read more