News > Byju’s reportedly plans $1 bn IPO for offline coaching arm Akash in its push for survival

Byju’s reportedly plans $1 bn IPO for offline coaching arm Akash in its push for survival

After a dream-run during the pandemic, Byju’s delivered a shock with a 10-fold rise in losses almost amonth back, followed by cost cutting measures including layoffs. After struggling to close a $800 million funding round, the edtech major recently announced that it had secured $250 million from existing investors, to survive global headwinds.