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1:58
wionews.com
Prosus slashes India's Byju's valuation to $5 billion
Dutch-listed technology investor Prosus NV has slashed the valuation of troubled Indian ed-tech startup Byju's to $5.1 billion according to its annual report, a fall of more than 75% from the startup's $22 billion valuation last year.
Jun 28, 2023
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1.8K views | In another blow to BYJU's, tech investor Prosus cut the edtech startup's valuation to under $3 billion, 86% less than its peak valuation of $22 billion last year. After a rapid expansion during the Covid pandemic, Byju's has been struggling with cash-flow problems and is embroiled in a dispute with creditors over a $1.2 billion loan. | NDTV | Facebook
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