'Another Rs 1,200 crore vanishes from BYJU'S funding round'

New Delhi: A whopping Rs 1,200 crore from a US-based company, recently announced by BYJU'S as a funding round, has gone off track, according to a media report.

In September 2021, New York-based Oxshott invested Rs 1,200 crore as part of a Series F round at Rs 285,072 per share, according to regulatory filings reported by researcher Tofler.

Other investors in the round included Edelweiss (Rs 344.9 crore), IIFL (Rs 110 crore), Verition Multi-Strategy Master Fund (Rs 147 crore) and XN Exponent Holdings ( Rs 150 crore), according to The Morning Context.

"Money from Oxshott Capital Partners or related entities for an investment has not reached the company," the report claimed. This comes after a recent report which claimed that some money in the Rs 6,300 crore private equity investment that BYJU's company announced in early this year has not come to the edtech company.

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