Byju’s, the prominent edtech platform, has garnered a substantial commitment of $300 million from investors for its ongoing rights issue, set to conclude by the end of February. This comes as part of its efforts to raise $200 million in January, aiming for an enterprise valuation between $220-250 million. Notably, this represents a significant decrease from its previous peak valuation of $22 billion. Byju’s has also responded to investor concerns by offering to appoint two independent directors post the rights issue and the declaration of its financial results for FY23, aiming to enhance transparency.