BYJU's, the most valuable edtech startup in India, is planning to raise $1.2 billion through a term loan from overseas investors, given the favourable interest rates prevailing in the markets.
The edtech unicorn, last valued at around $18 billion during a funding round in October 2021, is aiming to raise a minimum of $500 million through a Term Loan B (TLB) borrowing in the US. However, the round size was increased, according to reports.
