US-based investment fund BlackRock Inc. has marked down the fair value of its investments in Byju's again, causing the beleaguered startup's valuation to plummet to $1 billion.
In a filing on Jan. 5, BlackRock Global Allocation Fund valued one share of Byju's parent, Think & Learn Pvt., at about $209.5 apiece. BlackRock holds a 0.9% stake in the company, which implies a valuation of $1 billion, down from its peak $22 billion valuation.
India Business News: BlackRock, the world's largest asset manager, has reduced the estimated value of edtech firm Byju's to $1 billion, marking a decline of over 95% from
In a recent disclosure by US-based asset manager BlackRock, the valuation of its stake in ed-tech giant Byju’s has been further reduced to approximately $1 billion, marking a significant 95% decrease
India Business News: US-based asset manager BlackRock which holds a minority stake in troubled edtech startup Byju's has slashed the company's valuation to $1 billion as o
India Business News: Tech investor Prosus NV values Indian education firm Byju's at under USD 3 billion, 86% less than its peak valuation of USD 22 billion last year due t