BlackRock has once again reduced the valuation of its holding in Byju’s, slashing the implied valuation of the Indian startup to approximately $1 billion from $22 billion in early 2022.
The asset manager valued Byju’s shares at about $209.6 each at the end of October 2022, down from the peak of $4,660 in 2022, resulting in a valuation of $990 million. This adjustment represents a significant markdown for Byju’s, once considered India’s most valuable startup with a peak valuation of $50 billion.
Byju’s Faces 95% Valuation Cut by BlackRock
BlackRock has decreased the value of its holding in Byju’s, lowering the implied valuation of the Indian startup to around $1 billion from $22 billion in early 2022. In October 2022, BlackRock valued Byju’s shares at approximately $209.6 each, indicating a valuation of $990 million. This reduction marks a substantial drop in valuation for Byju’s, which was previously hailed as India’s most valuable startup with a peak valuation of $50 billion.
BlackRock Slashes Byju’s Valuation by 95% to $1 Billion
BlackRock has once again devalued its stake in Byju’s, lowering the startup’s implied valuation to about $1 billion from $22 billion in early 2022. The asset manager valued Byju’s shares at around $209.6 each at the end of October 2022, down from the peak of $4,660 in 2022. This reduction represents a significant decline in Byju’s valuation, once considered India’s most valuable startup with a peak valuation of $50 billion.
Byju’s Valuation Cut by 95% to $1 Billion by BlackRock
BlackRock has further reduced the valuation of its holding in Byju’s, resulting in an implied valuation of around $1 billion for the Indian startup, down from $22 billion in early 2022. The asset manager valued Byju’s shares at approximately $209.6 each at the end of October 2022, indicating a valuation of $990 million. This substantial markdown reflects a significant reversal for Byju’s, which was previously considered India’s most valuable startup with a peak valuation of $50 billion.