Indian edtech decacorn Byju's raising $1.2b through term loan funding

Indian edtech decacorn Byju's raising $1.2b through term loan funding

Byju’s founder Byju Raveendran. Photo: Mint

India’s most valued startup Byju’s is raising $1.2 billion through a term loan B (TLB) funding as it plans to go for an initial public offering (IPO) in the next few months, Moneycontrol reported.

TLB refers to a tranche of senior secured syndicated credit facilities from global institutional investors. They typically have a floating interest rate, with tenures of 5-7 years.

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