What's the news?
Byju’s is raising $296 Mn in a funding round led by Oxshott Venture Fund Inc42 reported. According to the company’s RoC filings, Edelweiss, Veriton Fund, XN Exponent Holdings, and MarketX Ventures will also be participating in this round of funding — which appears to be part of its ongoing Series F round.
More to know
The development comes a few weeks after BYJU’s mopped up $150 Mn in an investment round led by Asmaan Ventures and ARK Ncore at $16.8 Bn valuation. BYJU’s had allotted 38,705 Series F preference shares to Asmaan Ventures and 6,045 Series F preference shares (each share costing INR 2,85,072) to Mirae Asset and ARK Ncore.