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BlackRock cuts Byju's valuation for 2nd time

BlackRock has marked down the value of its stake in Indian edtech start-up Byju s by 26% in Q1 2022 and by 62% YoY, reducing the firm s estimated valuation to less than $8.4bn. Byju s, currently seeking fresh capital to repay loans, was valued at $22bn in 2021. Fellow asset manager T. Rowe Price increased the value of its stake in the start-up by 11.5% in Q1 2022. The markdowns may make it difficult for Byju s to convince investors to put in fresh capital at its desired valuation. ....

United States , Qatar Investment Authority , Sequoia Capital , Davidson Kempner Capital Management , Lightspeed Venture Partners , General Atlantic , Owl Ventures , Tiger Global , Byju S , Asset Management ,