This week, BYJU’S an Indian EdTech startup raised $250 million in its latest funding from existing investors in a private equity round, in a bid to restructure and push itself towards profitability amidst macroeconomic constraints and layoffs.

This came after the EdTech giant raised a total of $5.5 billion in funding over 23 rounds since its launch, bringing its market valuation to $22 billion.

The global EdTech company founded in India in 2011, now provides highly adaptive and effective online learning solutions to more than 150 million students in over 100 countries around the world, making high-quality learning accessible to students everywhere.