Edtech giant BYJU’S raises $49 Mn from its Singapore holding company
Image Credit: asifinancial
India’s most valued edtech startup BYJU’S is raising $49 Mn from its Singapore parent entity Byju’s Holdings 1 Pte Ltd. As per the latest regulatory filings by General Atlantic-backed BYJU’S, the edtech giant has received $49.4 Mn ( INR 403.8 Cr) from its Singapore holding entity. The startup has allotted 11,335 Series F Compulsory Convertible Cumulative Preferences at an issue price of INR 3.5 Lakh apiece to Byju’s Holdings 1 Pte Ltd.