India: Edtech giant Byju's snags $49m funding from IIFL, Maitri EdTech

Online Education

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.

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