BYJU'S raises $250 million days after laying off 2,500 employees

BYJU'S, the world's most-valuable edtech startup, has raised $250 million in a new funding round. Existing investors participated in the round, including Qatar Investment Authority, the startup announced on Monday. The fundraise comes days after BYJU'S announced plans to lay off about 2,500 employees across departments. The layoffs are aimed at cutting costs amid the company's mounting losses.