Byju’s founder took loan to invest $400 million in edtech giant
https://techcrunch.com/2022/03/13/byjus-founder-took-a-loan-to-invest-400-million-in-edtech-giant/
Byju Raveendran, founder and chief executive of the eponymous edtech giant, has financed his recent $400 million investment in Byju’s through a debt he raised from multiple international banks, two sources familiar with the matter told TechCrunch.
On Friday, the startup announced it has raised $800 million in a new financing round, half of which it said was bankrolled by the founder.
