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Indian edtech giant Byju’s raises $250 million, on track to close another $700 million – TechCrunch

Indian edtech giant Byju’s raises $250 million, on track to close another $700 million – TechCrunch

 

Byju’s has raised $250 million in fresh funding and is close to securing an additional $700 million, two people familiar with the matter told TechCrunch, as the Indian edtech giant builds up its war chest ahead of the highly anticipated IPO of its subsidiary Aakash.The New York-headquartered investment firm Davidson Kempner has invested $250 million in Byju’s via structured instruments, the people said, requesting anonymity as the information is not public.The Bengaluru-headquartered startup, India’s most valuable, is finalizing the remainder of the capital from a sovereign fund, the people said. That capital, expected to arrive in two weeks, will come into… 

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