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UPDATED September 14, 2023 As COVID drove everyone online, tech companies hired like crazy. Now we are hitting the COVID tech bust as tech giants shed jobs by the thousands. Check back regularly for updates to our IT job layoffs tracker.
According to sources, the funding will help the start-up sustain its business for a while following large-scale downsizing and funding deal cancellations.
Edtech major Byju’s has raised $700 million at a flat valuation of $22 billion, involving two separate deals of equity and convertible notes, Financial Express reported, citing two people aware of the development.
Sources said that the fresh funding round was led by two West Asia-based sovereign wealth funds and large ..