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Hello readers,
I’m a terrible gambler.
Last month, during Lunar New Year, I lost more at blackjack than I’m comfortable disclosing in this newsletter. My problem is that when my cards near the 21-count limit, instead of just folding and cutting my losses, I double down.
As you can imagine, my friends find playing with me incredibly entertaining, if not lucrative.
At first glance, Byju’s founder Byju Raveendran seems to be adopting a similar playstyle to mine. This week, he took out loans from several international banks to invest US$400 million in his company during its final private round of funding to up his stake in the Indian edtech major.
The difference between Raveendran and I, however, is that he has a lot more control over the cards in his hands than I do at the blackjack table. I guess we’ll soon see when Byju’s goes public whether he’ll hit ban-luck.
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by country
🇮🇳 Byju’s: The Indian edtech major bagged US$800 million in late-stage funding from BlackRock, Sumeru Ventures, and Vitruvian Partners.
Lists of most active investors in the region
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