Why is BYJU'S raising $250 million at a lower valuation?
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BYJU'S is in the advanced stages of raising $250 million. Earlier when the company raised the same amount, it was valued at $22 billion. This time, however, the company reportedly plans to raise $250 million at a lower valuation. BYJU's has been struggling for the past few months with mounting costs and losses. BYJU'S latest funding round comes amid the company's quest to repay a $1.2 billion term loan.