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Edtech player Byju's is looking to raise $200 million from its existing equity investors through a rights issue it launched on Monday, at a time when ..
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.