Byju’s Founder Raising Funds to Buy Back as Much as 15% of Firm
- Raveendran will offer exits to some investors in the firm
- Founder may raise his stake in the company as high as 40%
Byju Raveendran
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Byju Raveendran, the founder of the world’s most valuable edtech startup Byju’s, is in financing talks to lift his stake in the company to as high as 40%, people familiar with the matter said.
The former teacher is seeking funding to finance the stake repurchases — which could amount to as much as 15% of the firm — by using his shares as collateral, according to the people. Byju’s was valued at $22 billion the last time it raised funds, though the buyback may happen at a lower valuation, the people said, asking not to be named discussing private negotiations.