BYJU’S GOT ANOTHER SHOCK OF VALUATION

BYJU’S GOT ANOTHER SHOCK OF VALUATION :-

 

BYJU’S IS A BIG GIANT OF EDTECH COMPANIES ITS VALUATION IS TAKEN UPTO $22 BILLION AT ITS PEAK.

BUT NOW BYJU’S IS ONLY VALUED AT $1 BILLION.

Leading investment management company BlackRock has once again revised its valuation of Indian edtech giant Byju’s, marking it down by a whopping 95 per cent to just $1 billion. The edtech giant was valued at $22 billion at its peak.

This latest adjustment comes as the third in a series of devaluations throughout 2023, reflecting the ongoing challenges faced by the struggling educational technology company. TechCrunch initially reported BlackRock’s markdown of Byju’s valuation.

This led byju’s to the biggest shock of valuation.