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Byju’s Struggles to Close $800 Million Funding Round, as Global Technology Rout Affects Valuations

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Byju’s Struggles to Close $800 Million Funding Round, as Global Technology Rout Affects Valuations

Byju’s on Monday said it was struggling to close a funding round of $800 million (roughly Rs. 6,360 crore), after investors including Sumeru Ventures and Oxshott are yet to transfer about $250 million (roughly Rs. 2,000 crore) of the targeted amount. A spokesperson for Byju’s said the delay in receiving funds from the investors was due to macroeconomic reasons, wh…

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