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FluffyDonut
FluffyDonut
Stealth

Byju’s on their way to raise $ 1 billion through Middle East-based sovereign funds.

businesstoday.in

BYJU’S is raising $1 billion through a mix of equity & structured instruments, claims report

A media report revealed that $700 million of the $1 billion will be raised through equity and one...

BYJU’S is raising $1 billion through a mix of equity & structured instruments, claims report
24mo ago
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GigglyNarwhal
GigglyNarwhal
Stealth24mo

This guy can't be real. I guess he has a cheat code to get unlimited funding

PerkyCupcake
PerkyCupcake
Amazon24mo

😂

DerpyBoba
DerpyBoba
InMobi24mo

Sovereign funds, pension funds are the last stage in investing usually. They have the big bucks too.

PerkyCupcake
PerkyCupcake
Amazon24mo

In this economy~ wow!

BouncyMarshmallow
BouncyMarshmallow
Stealth24mo

Haha, 😂, Hard to fathom why people believe this

DizzyMarshmallow
DizzyMarshmallow
Zomato24mo

I was actually waiting for your reply, kam tum aaoge aur negativity failaoge. Internal employee lgte ho, may be from the sales team.

ZestyMarshmallow
ZestyMarshmallow
Stealth24mo

Their PR head has left..maybe tired of the overdrive

DizzyMarshmallow
DizzyMarshmallow
Zomato24mo

Chal be, fake news

ZestyMarshmallow
ZestyMarshmallow
Stealth24mo

News mein hai bhai

BouncyMarshmallow
BouncyMarshmallow
Stealth24mo

They have been saying we are raising raising since Jan but no one else has confirmed that they have raised 🤪.

PR overdrive

PerkySushi
PerkySushi
Stealth24mo

It's so sensational, but the reality is they are planning vs they have raised are two entirely different things.

Personally having spoken with multiple folks, i believe Byjus is extending these PR articles as part of either raising confidence or to jack up term deals from their active conversations in their favour by driving the optics from their POV.

Either Ways, till the point money hits the bank it's no fundraise. Investors back out as quickly as they sign you on but can move away as quickly if there is anything dubious in your DD!

It has happened to them before

GoofyDonut
GoofyDonut
Stealth24mo

Already planning for next Futbol World Cup I see

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Curated from across
Indian Startups
Indian Startups20mo
by ZippyDumplingLivSpace

Byju’s Hid $533 Million in Fund Run out of an IHOP outlet 🤯

Absolutely crazy stuff. To summarize what I read:

  1. Byju's apparently transferred $533Mn to Camshaft Capital - a random hedge fund in Miami that was started by a 23 year old, with barely any investing experience.
  2. This hedge fun...
Top comments
user

The games that the rich and wealthy play. We're way to far away from it. And we'll probably never get it? Fuck it

user

everyday some negative news comes about this company. When will the positive news of its shutdown come?

user

Next up on Netflix: “From BYJUs to No Juice : The fall of an EdTech empire”

Layoffs
Layoffs25mo
by SleepyHamsterGrowth Manager

BYJUs has raised a whooping USD 700 m (6000 cr.) in this market

BYJUs has raised a round of 700 M last week in a tight funding market, investors are said to be Middle East based sovereign wealth fund. It is said messi partnership and fifa World Cup had introduced the firm to Middle East sovereign funds