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BYJU'S valuation cut by 62% to $8.4 billion by BlackRock
short by Mansi Agarwal / on Tuesday, 30 May, 2023
US-based investment management firm BlackRock has slashed the fair value of BYJU'S by about 62%, effectively valuing the edtech startup at roughly $8.4 billion, as per regulatory filings. This comes nearly two months after BlackRock reportedly halved the valuation of BYJU'S from $22 billion to $11.5 billion. BlackRock holds less than 1% equity in the startup.
read more at Moneycontrol