Funding Alert

Byju’s to raise $1.2B in debt through TLB round

• ByKhushi Ko     |    November 8, 2021

Edtech Byju’s is looking to raise $1.2 billion in debt through term loan B funding. The inflow of capital will be used for ‘general corporate purposes’ as per a company filling. 

With this round of funding, Byju’s is set to become the second Indian startup to raise a TLB round, after Oyo. 

TLB proceeds are conventionally used to refinance existing debts by a company or to make overseas acquisitions to enhance product offerings. This often occurs when a company is preparing for an initial public offering (IPO). Back in July Byju’s stated that the company is looking at an IPO 12-18 months in the future. 

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