A week after downsizing, India's BYJU's raises $250m at a flat valuation

A week after downsizing, India's BYJU's raises $250m at a flat valuation

Screen grab from BYJU's app.

BYJU’s, on Monday, said it has raised $250 million in a fresh funding round, just a week after the company — India’s most valuable edtech firm — laid off 2,500 employees to rein in costs.

Without disclosing details, BYJU’s said the new round came from some of its existing investors including the Qatar Investment Authority (QIA) — the gulf state’s sovereign wealth fund.

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