Indian edtech giant Byju’s raises $250 million, on track to close another $700 million

Byju’s has raised $250 million and is close to securing about $700 million more, two people familiar with the matter said, as the Indian edech giant builds up its war chest ahead of the highly-anticipated IPO of its subsidiary Aakash.
The New York-headquartered investment firm Davidson Kempner has invested $250 million in Byju’s via structured instruments, the people said, requesting anonymity as the information is not public. The firm is finalizing remainder of the capital from a sovereign fund, the people said.
The remainder of the capital, expected to arrive in within two weeks,

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