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BlackRock slashes India's Byju's valuation by 95% to $1 billion
short by Kalpesh / on Friday, 12 January, 2024
BlackRock has yet again cut the value of its holding in Byju's, slashing the implied valuation of the Indian education tech startup to $1 billion from $22 billion mark set in early 2022, TechCrunch reported on Friday, citing disclosures made by the asset manager. BlackRock, which owns less than 1% of Byju's, declined to comment
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