Edtech major BYJU`s is in the advanced stages to raise $250 million at a flat valuation (at $22 billion the company last announced) as it struggles to repay a $1.2 billion term loan and turn profitable in 2023, reliable sources said on Thursday. BYJU`s declined to immediately comment on the development. The company had said it was "merely optimising it". However, this appears impossible now with the company still struggling to stem growing losses. The edtech unicorn reported a loss of Rs 4,588 crore for the fiscal year that ended on March 31, 2021. Source - ZEE news