Troubled Indian edtech firm Byju's in talks to sell Epic for $400m to PE fund Joffre

Troubled Indian edtech firm Byju's in talks to sell Epic for $400m to PE fund Joffre

FILE PHOTO: People walk past an advertising hoarding of Byju's, an Education Technology company and one of India's biggest startup, outside one of its branch in New Delhi, India, June 23, 2023. REUTERS/Adnan Abidi/File Photo

Indian ed-tech firm Byju’s is in advanced talks to sell its U.S.-based kids’ digital reading platform Epic! Creations for about $400 million to private equity fund Joffre Capital, seeking funds to ease its financial pressures, Bloomberg News reported on Monday, citing people familiar with the matter.