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In its April-June quarterly report, Baron Capital cut the valuation of Byjus to $11.7 billion as of June 30, down 44.6% from $21.2 billion as of March 31.
Baron Capital has marked up the valuation of foodtech giant Swiggy and fintech major Pine Labs as of June 2023.
Baron has slashed the fair value of Byju’s by 44.6 percent, effectively valuing the edtech giant at just under $12 billion, the company’s June quarter report showed
US-based asset management firm Baron Capital has marked up the valuation of Swiggy and Pine Labs while slashing the valuation of edtech major Byjus by almost half. This comes at a time when several Indian startups have faced valuation markdowns in the past few months.
Nikhil Narayanan joins Pine Labs