BlackRock cuts Byju’s valuation by 95% to $1 billion

BlackRock has cut the value of its holding in Byju’s, slashing the implied valuation of the Indian startup to $1 billion from $22 billion early 2022, according to disclosures made by the asset manager. At the end of October last year, BlackRock said it valued Byju’s shares at about $209.6 apiece, down from the peak […] © 2023 TechCrunch. All rights reserved. For personal use only....