Byju's valuation

Setback for Byju’s: BlackRock slashes valuation by whopping 95% to just $1 billion

by
Setback for Byju’s: BlackRock slashes valuation by whopping 95% to just billion

Setback for Byju’s: BlackRock, the world’s largest asset manager, has significantly reduced the estimated value of edtech firm Byju’s to around $1 billion. This marks a decline of over 95% from its valuation of $22 billion during its last fundraising round in October 2022.In a regulatory filing with the US Securities and Exchange Commission on … Read more

Prosus cuts Byju’s valuation to under USD 3 billion

by
Prosus cuts Byju’s valuation to under USD 3 billion

MUMBAI: Tech investor Prosus NV said on Wednesday it was valuing Indian education firm Byju’s at under USD 3 billion, 86% less than its peak valuation of USD 22 billion last year, after the company struggled with governance and cash-flow problems. The disclosure, made by interim CEO Ervin Tu during Prosus earnings call, is the … Read more