BYJU'S in talks to sell US unit Epic for $400 mn
Indian edtech giant BYJU'S is reportedly in advanced talks to sell its US-based kids' digital reading platform, Epic! Creations Inc., for about $400 million (roughly Rs. 3,328.5 crore) to Joffre Capital Ltd. The sale could help BYJU'S ease financial strain and raise funds to pay down a disputed $1.2 billion (roughly Rs. 9,985.7 crore) term loan. Other bidders, including Duolingo Inc., have also shown interest in acquiring the platform.