BYJU’S in talks with private equity firm TPG to raise $500 Mn to help it avoid potential debt issues

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Edtech decacorn BYJU’S reportedly in talks with multiple investors, including private equity firm TPG, to raise over $500 million in funding to help it avoid potential debt issues.

BYJU’S grew to become the country’s most valuable edtech firm as a result of pandemic-induced growth. According to people familiar with the situation, several investment firms, including two Middle Eastern sovereign wealth funds, have begun due diligence on BYJU’s as part of the fundraise. According to the report, the edtech behemoth is looking to raise new funds at its current valuation of $22 billion. Deliberations are currently underway, and it is unclear whether the agreement will be reached.

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BYJU’S in talks with private equity firm TPG to raise $500 Mn to help it avoid potential debt issues

Edtech decacorn BYJU’S reportedly in talks with multiple investors, including private equity firm TPG, to raise over $500 million in funding to help it avoid potential debt issues.

BYJU’S grew to become the country’s most valuable edtech firm as a result of pandemic-induced growth. According to people familiar with the situation, several investment firms, including two Middle Eastern sovereign wealth funds, have begun due diligence on BYJU’s as part of the fundraise. According to the report, the edtech behemoth is looking to raise new funds at its current valuation of $22 billion. Deliberations are currently underway, and it is unclear whether the agreement will be reached.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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