Setback for Byju’s: BlackRock slashes valuation by whopping 95% to just $1 billion
Friday, 12 January 2024
BlackRock, the world's largest asset manager, has reduced the estimated value of edtech firm Byju's to $1 billion, marking a decline of over 95% from its previous valuation. Byju's, headquartered in Bengaluru, is facing operational difficulties and exploring the sale of group assets to address its debt.
BlackRock, the world's largest asset manager, has reduced the estimated value of edtech firm Byju's to $1 billion, marking a decline of over 95% from its previous valuation. Byju's, headquartered in Bengaluru, is facing operational difficulties and exploring the sale of group assets to address its debt.
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