Edtech co Byju's raises $250-M from Davidson Kempner

Edtech unicorn Byju's has raised USD 250 million through structured investments from the US-based alternative investment firm Davidson Kempner. The edtech firm is also nearing a deal to raise an additional USD 700 million from a sovereign fund, which is expected to arrive in the next two weeks. The firm looks to move ahead with its plans for the public listing of its coaching chain subsidiary Aakash.