Top headlines: Byju's raises $250 mn; ACC posts surprise Q2 loss

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Byju's raises $250 mn from existing investors, valuation remains at $22 bn

Byju’s has raised $250 million from its existing investors as the edtech giant targets profitability by March 2023. The valuation of the Bengaluru-based firm remains at $22 billion as there has been no change after this funding, according to the sources.

Byju’s has raised total funding of $5.5 billion from investors such as Sumeru Ventures, Vitruvian Partners, BlackRock, Chan-Zuckerberg Initiative, Sequoia, Silver Lake, Bond, Tencent, General Atlantic, Tiger Global and Qatar Investment Authority. The firm has over 150 million learners. READ MORE.

Cement maker ACC reports surprise quarterly loss in