The sovereign wealth funds (SWFs) of Abu Dhabi are currently engaged in active negotiations with Think and Learn Pvt Ltd, the parent of Byju's (an Indian multinational educational technology company), in order to take part in a fundraise that the company is planning to conduct in the range of $400-500 million. According to people close to the edtech company, Qatar Investment Authority (QIA), which had been in advanced talks to invest $250-350 million in the company, has pulled out of the negotiations. QIA had been discussing investing in the company. It had planned to invest at a discount of between 40 and 50 percent to the $22 billion that the company had commanded in its most recent round of funding. Byju's has not yet submitted its annual financial reports for the fiscal years that ended in March 2021 and 2022. The Byju's and other Edtech startups are struggling to show growth without the support of funding. About Abu Dhabi`s Investment Authority/Sovereign Wealth Fund Established in 1976, is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. Type Sovereign Wealth Fund Industry Institutional Investor Founded 1976; 46 years ago Headquarters Abu Dhabi, United Arab Emirates Total Assets US$697 billion About Byju's Byju`s is an Indian multinational educational technology company, headquartered in Bangalore. It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of March 2022, Byju`s is valued at US$22 billion and company claims to have over 115 million registered students. Type Private Industry Edtech Founded 2011; 11 years ago Founders Byju Raveendran & Divya Gokulnath Headquarters Bengaluru, Karnataka, India Area Served Worldwide Products BYJU`S - The Learning App