Amid mounting troubles, BYJU’S seeks $1 Bn to fight off investor pressure
Image Credit: inc42
Embattled edtech major BYJU’S is reportedly in advanced talks with new investors for a $1 Bn fundraising round. BYJU’S is seeking to fight investor pressure with the fundraise as some of them are looking at curbing founder and CEO Byju Raveendran’s control over the troubled edtech decacorn, Bloomberg reported. To woo new investors, BYJU’S is offering incentives such as preferential treatment in case of liquidation.