Byju's struggles to close $800-mn funding as investors balk amid tech rout

Indian online education provider Byju’s is struggling to close a funding round of $800 million as a global technology rout weighs on valuations.  

Investors including Sumeru Ventures and little-known firm Oxshott haven’t transferred about $250 million of the targeted amount because of “macroeconomic reasons,” a Byju’s spokeswoman said Monday without elaborating. The two firms should come through by the end of August, she added. Founder Byju Raveendran however has completed an injection of about $400 million into the startup as part of the round, the spokeswoman said.

The delayed funding for India’s most valuable startup is likely to trigger renewed