Tag: valuation

In yet another instance of valuation markdown for Byju’s, US-based Baron Capital has slashed the troubled edtech startup’s valuation by almost half, citing slowdown in its business and the resignation of its auditor Deloitte and three board members. The firm’s June quarte report showed that it has cut the valuation of Byju’s by 44.6%. This effectively values Byju’s under $12 billion. The Bengaluru-based firm was valued at $22 billion when it had raised $250 million from investors in October 2022.“Think & Learn, the parent entity of Byju’s detracted...