Fund-raising drive on track, majority of the $800 mn received, says Byju's

The firm said its payments to education firm Aakash for a $1-billion deal struck last year have concluded and the audited financial results will be out in 10 days

Following a media report alleging that Byju's raised a fake investment and delayed payment to a group firm, the edtech giant said its fundraising efforts are on track and the majority of the $800 million has been already received.

“The balance is also expected soon,” said a Byju’s spokesperson.

The firm also said that its payments to education firm Aakash for a $1-billion acquisition struck last year, have concluded and that the audited financial results will be announced within the next 10 days.

According to a report by The Morning Context, the $800 million funding that the firm announced this