Most Valuable Indian Startup Byju’s Is Said to Seek Easier Terms on $1.2 Billion Loan
[ad_1]
Indian online-education provider Byju’s is seeking to restructure its $1.2 billion loan as it struggles with steep losses .
Indian online-education provider Byju's is seeking to restructure its $1.2 billion loan as it struggles with steep losses and cost reduction targets, according to people familiar with the information.The nation's most valuable startup, valued at $22 billion, has appointed an adviser to discuss tweaks in covenants of the term loan B with creditors, the people said, asking not to be named as the information is not public. Discussions on more lenient terms, including lower coupon and more time to repay, are continuing and no final decision has been reached, one of the people said, without providing further details. Byju's is among the crop of startups that th...