BlackRock has again reduced the valuation of its share in edtech firm Byju s - this time to about $1 billion, TechCrunch reported on Friday, citing disclosures made by the US-based asset manager.
This is 95 per cent less than its peak valuation of $22 billion in 2022.
The markdown comes at a time when the company is facing a multitude of challenges, including securing fresh capital, delays in financial reporting and legal disputes with lenders.
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
Troubled edtech major Byjus on Saturday reported its delayed audited financial accounting for the year ended March 2022 — in parts — showing a 2.3 times growth in revenue to ₹3,569 crore in its standalone business. Ebitda loss of the core business — financials for which were reported — was down to ₹2,253 crore in FY22, from ₹2,406 crore in the previous year, according to a company statement.
Edtech major Byju's on Saturday said it has finally closed the audited financial accounts for the financial year 2021-22, saying the EBITDA loss of the core business was down from Rs 2,406 crore to Rs 2,253 crore (year-on-year).It was .
Byju'S Core Biz Sees Rs 2,253 Cr In Net Income Loss In FY22, Logs 2.3X Revenue Growth menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Byju's core biz sees Rs 2,253 cr in net income loss in FY22, logs 2.3x revenue growth newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.
Educational technology company BYJU’S Chief Financial Officer Ajay Goel has quit after completing the audit process for the financial year 2022 and will return to Vedanta, the company said in a statement.
The edtech major has roped in industry veteran Pradip Kanakia as the senior advisor, and
In another blow to edtech Byjus, its chief financial officer, Ajay Goel, is leaving after seven months at the company. This and more in todays ETtech Morning Dispatch.
Byju’s on Tuesday announced that Chief Financial Officer Ajay Goel has quit the company. Nitin Golani has been entrusted with additional responsibilities as India's CFO.