India Digest: Byju's raises $100m from GA; TVS Logistics eyes stake in Gati's arm

India Digest: Byju's raises $100m from GA; TVS Logistics eyes stake in Gati's arm

Byju’s founder Byju Raveendran. Photo: Mint

While Byju’s has reportedly raised $100 million from General Atlantic, catapulting its valuation to around $2 billion, logistics firm Gati is said to be in advanced stages of discussions with TVS Logistics to sell a controlling stake in its joint venture arm, Gati-Kintetsu Express.

Byju’s raises $100m from General Atlantic, valuation swells to $2b

Bengaluru-based education technology firm Byju’s has reportedly raised $100 million from private equity major General Atlantic. According to a source-based report in Business Standard, General Atlantic picked up a 5 per cent stake in the online tutoring firm at a valuation of around $2 billion.

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