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“It has been 21 months since our last external capital raise, during which we have cut our burn and worked to become a lean organisation, razor-focused on execution,” he added. ‘My Head Is Bloody, but Unbowed’, BYJU’s Founder and CEO BYJU Raveendran Quotes ‘Invictus’ Poem by William Ernest Henley in His Letter to Shareholders. ....
In a regulatory filing, the edtech company said a “material uncertainty” existed and flagged “significant doubt on the company’s ability to continue as a going concern” ....
The beleaguered Indian education provider is asking more than $100 million from existing investors through a fresh issuance of shares slated for next month, at a price that values the firm at less than $2 billion, people familiar with the matter said. That’s down from $22 billion at its previous round in late 2022. ....