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November 30, 2023
In a recent development, BYJU’S, the prominent edtech decacorn, has come under the radar of the Enforcement Directorate (ED) due to alleged Foreign Exchange Management Act (FEMA) violations.
July 26, 2023
Hello, happy hump day, but maybe not for Byjus. Peak XV Partners, formerly Sequoia India, has told its investors that it will have to significantly mark down the value of its holding in Byjus as it was in the dark about the companys finances. This and more in todays ETtech Morning Dispatch.
May 30, 2023
BlackRock, which holds less than 1 percent, has pegged the value of its 2,279 shares in the company at $4,043,471, effectively estimating Byjus fair value at $8.4 billion as of March 31, 2023.
May 15, 2023
Baron Capital holds about 0.7 percent stake in Swiggy and its fair value estimate implies a $7.3 billion valuation for the foodtech unicorn.