Byju's, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told TechCrunch.
Byju's has been chasing for new funding for nearly a year. The startup was close to raising about $1 billion last year, but the talks derailed after the auditor Deloitte and three key board members quit the startup. Bloomberg News first reported about Byju's loweing valuation ask to below $2 billion.
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