Byju's CEO raising $400 mn loan to invest in edtech giant's $800 mn round

Move is part of firm's confidence-building measure to show founder is bullish on the biz and help shore up investor interest, say sources

Byju Raveendran, founder and CEO of Byju’s is in talks with various international and domestic banks to raise $400 million as a loan to fund 50 per cent of the $800 million (about Rs 6,000 crore) funding round of the edtech giant, according to people familiar with the development. They said this move is part of the company’s strategy to show the founder's confidence in the firm as he is leading the round and help shore up investor interest at a time when the valuations are under stress globally.

Sumeru Ventures, Vitruvian Partners, and BlackRock also participated in this $800