Once valued at $22 billion, Byju’s is now worth 'zero'
Updated On: 07 June, 2024 01:37 PM IST | Mumbai | IANS
British universal bank and financial services group HSBC has assigned zero value to investment company Prosus' nearly 10 per cent stake (or about $500 million) in Byju’s
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n January this year, US-based investment firm BlackRock cut the value of its holding in Byju`s to a mere $1 billion from $22 billion in early 2022. File/Pic
In what could be a shocker to many, ed-tech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm HSBC.
HSBC has assigned zero value to investment company Prosus' nearly 10 per cent stake (or about $500 million) in Byju’s.
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