Byju’s to raise $400- $600 Million ahead of IPO amid booming Tech sector

India’s most valuable startup, the online education provider Byju’s, is planning to raise between $400 – $600 million and then accelerate plans for an initial public offering (IPO) next year, according to people familiar with the matter.

The Bangalore headquartered company could close the pre-IPO fundraising in a few weeks at a valuation of about $21 billion, said one of the people, asking not to be named because the details are private. The fundraising is likely to be split roughly evenly between equity and debt.