Byju's Raises $250 Million In Fresh Funding

It had also stated that the group will not focus on door-to-door and on-ground sales of its courses. Instead, it would expand its Inside Sales team to pursue leads via phone, email and video calls.

The company had also announced plans to cut nearly 2,500 jobs across different functions in an attempt to avoid redundancies.

Around 5% of Byju's 50,000-strong workforce is expected to be rationalised across product, content, media, and technology teams, which will help it to leverage technology "better", it said in a statement.

The funding comes only four days after peer Vedantu spent over Rs 300 crore to buy a majority stake in test preparation platform Deeksha.