The beleaguered Indian education provider is asking more than $100 million from existing investors through a fresh issuance of shares slated for next month, at a price that values the firm at less than $2 billion, people familiar with the matter said. That’s down from $22 billion at its previous round in late 2022.
Byju’s to slash $22 billion valuation by 90% to raise fresh funds on January 23, 2024 at 8:52 am
