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Byju’s seeks $1 billion funding to prevent investors’ revolt and dilute founder’s control

  • Edtech company negotiates with new investors to avoid a revolt and reduce Byju Raveendran’s influence over the company.
  • The move follows resignations from board members, the auditor, and delays in filing financial results and loan interest payments.
  • Byju’s valuation dropped from $22 billion in 2022 to $8.4 billion in 2023 by BlackRock.
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