Prosus Marks Down BYJU'S Valuation To Under $3 Bn From Peak $22 Bn
In an unexpected turn of events, Dutch investor Prosus has marked down the value of its share in the once-thriving edtech behemoth BYJU'S, dealing a serious blow to the business. Due to this action, the company's valuation has dropped dramatically, from $22 billion to less than $3 billion, a dramatic 85% reduction.
Prosu Russell Dreisenstock Byju Raveendran Foreign Exchange Management Act National Company Law Tribunal From Peak Prosus Takes
Source: techstory.in