Byju's is looking to raise up to $200 million in funding through equity rights issue at an enterprise valuation in the range of $220-250 million. The company is planning to offer equity at this low valuation only for this tranche of issue, said sourced quoted by PTI.
“The board of Think and Learn Private Limited (TLPL) today launched the raising of funds USD 200 million by way of a rights issue to all its equity shareholders to support its ongoing efforts to drive growth and achieve operational sustainability,” the ed-tech platform said in a statement.