Indian edtech unicorn Byju’s  looks to raise $500m debt

Indian edtech unicorn Byju’s  looks to raise $500m debt

Byju’s founder Byju Raveendran. Photo: Mint

Byju’s has hired investment banks to raise a minimum of $500 million through Term Loan B (TLB) borrowings in the US as India’s most valuable startup looks to refill its war chest with some debt after spending billions of dollars on acquisitions this year, three people aware of the development said.