Byju’s picks up Rs 300-crore loan from subsidiary Aakash

Ed-tech unicorn Byju’s has raised Rs 300 crore in loan from subsidiary Aakash Educational Services for conducting “principal business activities”, regulatory filings to the Registrar of Companies by the test-prep platform showed.

The Bengaluru-based startup acquired Aakash for $1 billion last year. The development has come at a time when Byju’s has been in the market to raise funds.