Byju Raveendran emphasised the urgent need for cash infusion, noting that businesses like Aakash and Epic are profitable, while Great Learning is at a break-even stage
Byju’s, currently undergoing significant business restructuring, aims to address financial stability concerns amidst challenges such as the collapse of term loan B and high cash burn
The company is in discussion with Abu Dhabi's Sovereign Wealth Funds (SWF) and Qatar Investment Authority (QIA) for raising in the range of $400 to $500 million and $250 to 350 million, respectively