Tuesday, 27 June, 2023

Prosus Marks Down Valuation of Byju's

Prosus, the global consumer internet group, has reportedly marked down the valuation of edtech company Byju's. The markdown indicates a reassessment of Byju's worth, potentially impacting its overall market value. While the exact reasons behind the markdown are undisclosed, it highlights the dynamic nature of the startup ecosystem & the potential influence of market conditions. The adjustment in valuation raises questions about the future growth trajectory of Byju's in the competitive landscape.