Sources: Byju's plans to raise more than $100M from existing investors at a less than $2B valuation, down more than 90% from $22B in October 2022 (Anto Antony/Bloomberg)

Anto Antony / Bloomberg:

Sources: Byju’s plans to raise more than $100M from existing investors at a less than $2B valuation, down more than 90% from $22B in October 2022  —  – Firm seeks $100 million at valuation of less than $2 billion  — Proceeds will be used to pay off vendors and stabilize company