India's Byju's seeks to raise $1 billion to stave off investor revolt - Bloomberg News

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India's Byju's seeks to raise $1 billion to stave off investor revolt - Bloomberg News
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:Indian edtech startup Byju's is in advanced talks with potential new shareholders to raise $1 billion in funding as it attempts to sidestep a revolt by some investors, Bloomberg News reported on Tuesday, citing sources familiar with the matter.Once counted among India's most successful startups, Byju's is ca

:Indian edtech startup Byju's is in advanced talks with potential new shareholders to raise $1 billion in funding as it attempts to sidestep a revolt by some investors, Bloomberg News reported on Tuesday, citing sources familiar with the matter.

While the board members did not give a reason for stepping down, Deloitte said it was severing ties with Byju's over delays in disclosing some financial statements. The company was also raided over suspected violations of foreign exchange laws.

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