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Byju’s Struggles to Close $800 Million Funding as Investors Balk

Bangalore-based company Byju’s, backed by Bond Capital, Silver Lake Management, Naspers Ltd. and Tiger Global Management, has been seeking to expand abroad through big acquisitions. It offered more than $1 billion to buy US-listed edtech company 2U Inc., even as it initially pushed back payments to take over test-preparation provider Aakash Educational Services, Bloomberg News reported last month.

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