Valuation of Byju's 2022-2023
The valuation of Indian Ed-Tech Byju's was slashed from 22 billion U.S. dollars in October 2022 to a staggering low value of five billion U.S. dollars in June 2023. The markdown of Byju's by Prosus, its major non-promoter shareholder, reflects the growing financial distress faced by the startup. Other investors have also reduced the valuation of Byju's as compared to the previous year.