Byju Raveendran is investing $400 million in his namesake and India’s most valuable startup, Byju’s, leading an $800 million funding round alongside investors BlackRock, Sumeru Ventures and Vitruvian Partners, Bloomberg reports.
The funding round has closed even as the Bangalore-headquartered edtech startup is in negotiations with at least three SPACs with plans to go public via a merger. The SPACs include Michael Klein’s Churchill Capital and Michael Dell’s MSD Acquisition, as well as the SPAC promoted by Harry Sloan, a long-time Hollywood executive. Read more.
