Wednesday, 31 May, 2023

BlackRock Reduces Valuation of Byju's Startup to $8.4 Billion as Minority Investor

BlackRock, a minority investor in edtech startup Byju's, has revised down the valuation of the company to $8.4 billion. The decision reflects a downward adjustment in Byju's worth, indicating potential challenges faced by the startup in meeting growth expectations. This valuation cut by BlackRock underscores the evolving dynamics in the edtech market and highlights the importance of accurate assessments in the startup investment landscape.