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byju's blackrock valuation: BlackRock slashes Byju's valuation by 95% to $1 billion

Previously, BlackRock had valued Byju s at $8.2 billion at the end of the March quarter of 2023. For Byju s, this is not the first valuation markdown. Last year, Prosus cut Byjus valuation to below $3 billion, while Peak XV Partners, formerly Sequoia Capital India, told its limited partners (LPs) it would have to significantly mark down the value of its holding. ....

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Byju's, valued at $22 billion in Nov 2022, now at less than $3 billion. How?

The $22 billion valuation, which came after Byju s raised a $250 million funding round, marked a peak for the edtech giant. ....

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