After reducing the valuation of Byju's in April, BlackRock, the US-based firm, has again slashed the valuation of the edtech company to about $8.4 billion, about 62% cut.
BlackRock is a minority investor in Byju's and this comes at a time when the edtech company is yet to file its FY22 results with the Ministry of Corporate Affairs (MCA).
Byju's recently raised $250 million in a fresh funding round and investment firm Davidson Kempner has invested in the company.
The fund-raising announcement came a few days after the Enforcement Directorate (ED) conducted searches and seizure action at the premises of the edtech major under the provisions of Foreign Exchange Management Act (FEMA).
هذه القصة مأخوذة من طبعة May 31, 2023 من The Morning Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 31, 2023 من The Morning Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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