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