Monday, July 15, 2024
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Qatar Investment Authority

The round was led by the Qatar Investment Authority (“QIA”), and Grosvenor’s Diversified Property Investments business

The company had last raised $250 million from existing investors and Qatar Investment Authority

The term loan B is reportedly due in 2026 and the interest rate change does not imply a default at BYJU’S end

In November 2021, it bagged $14.5 million as a top-up in a Series F funding round

BYJU'S founder and CEO Byju Raveendran said that the company is now at that sweet spot of its growth story where the unit economics and the economies of scale are in its favour