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India edtech Byju's gets $250m from U.S.-based Davidson Kempner

Talks said underway for another $750m from a sovereign fund by end of May

BYJU is said to be aiming to soon close out $1 billion of investment. (Source photo by AP and logo from BYJU's website)

NEW DELHI -- India edtech firm Byju's has received $250 million in a fresh funding round from U.S.-based fund manager Davidson Kempner Capital Management and is in talks for another $750 million by the end of the month, a source familiar with the matter has told DealStreetAsia.

The $750 million will be secured from a sovereign fund and will be at a flat valuation of $22 billion, the source said.

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