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Compliant With Law, Confident Of Dealing With The Matter: BYJU'S On ED's FEMA Notices

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. ....

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Significant valuation markdown coming for Byju's, Peak XV tells LPs; Myntra rejig to lay off 50

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. ....

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BlackRock cuts Byju's fair value by 62% for the second time since October 2022

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 Byju s fair value at $8.4 billion as of March 31, 2023. ....

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US-based Baron Capital follows Invesco, marks down Swiggy's fair value by 34%

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. ....

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