Byju’s Raises $250 Million From Backers to Aid Restructuring

Indian edtech Byju’s said it has raised $250 million from existing investors led by the sovereign wealth fund Qatar Investment Authority, days after announcing job cuts in a bid to slash costs.

The fundraising keeps Byju’s valuation of $22 billion and its status as India’s most valuable startup, with the bulk of the capital coming from the Qatar fund, a person familiar with the deal said on Monday, asking not to be named as those details are private.