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Rights issues are typically valued much lower than the fair market valuation of a company to attract existing investors to double down on their bet
Good Glamm co-founder Priyanka Gill is joining Kalaari Capital as a venture partner, while Lead Group has named Arvind Singhal as chief growth officer.
Approximately 58% of its overall revenue came from its core business of selling video lectures recorded on SD cards and tablets
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