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Top News In Edtech Startup Excelon Academy Today - Breaking & Trending Today

BlackRock marks down BYJU'S fair value by 62%: Report

With less than a 1% stake in BYJU’S, the decrease in the value of BlackRock's stake in the edtech company has resulted in BYJU’S being valued at about $8.4 billion. ....

Neuberger Berman , Baron Capital Group , Private Shares Fund , Byju Raveendran , Byju X27 S , Startup Valuation , Ust In ,

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 ,

Private Shares Fund marks down Eruditus' fair value by 9%; valuation stands at $2.9B

The decrease in value of the US fund's stake in the edtech company has resulted in Eruditus being valued at $2.9 billion, which is a decline from the $3.2 billion valuation when it raised $650 million in August 2021. ....

United States , Neuberger Berman , Ashwin Damera , Exchange Commission , Private Shares Fund , Special Purpose Vehicle , Baron Capital , Pine Labs , Chaitanya Kalipatnapu , Latin America , Southeast Asia , Byju X27 S , Ashwin Damera , Ust In ,