Education technology major Byju’s has raised about $49 million from two new investors India Infoline Finance Limited (IIFL) and Maitri EdTech, revealed the company’s regulatory filings.
As part of the latest fundraise, Byju’s has allotted 12,750 Series F cumulative compulsorily convertible preference shares (CCCPS) at an issue price of Rs 2,85,071.62 each to raise the aforesaid amount.
