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.
Awkward accounting at edtech unicorn Byju’s should be a wake-up call for this ecosystem. Growth cannot be pursued at all cost. Else heavy regulation may begin to choke innovation
Year Ender 2021: BYJU’S is the only Indian name to feature in the list of the world’s elite unicorns as of December 2021. TikTok parent ByteDance and Elon Musk’s SpaceX are the only startups valued at over $100 billion.