Prosus slashes edtech giant Byju’s valuation to $5.1 billion

Prosus, the largest non-founder shareholder in Byju’s, has drastically slashed the worth of its stake in the edtech giant, implying a starkly diminished valuation of $5.1 billion to the Indian startup.
Prosus disclosed on Tuesday that it had downsized the value of its 9.6% stake in Byju’s to around $493 million in the financial year ending in March. This figure stands in stark contrast to the $6 billion at which Prosus had valued Byju’s as recently as November of the previous year. More concerningly, that’s a staggering drop from the $22 billion valuation at which Byju&

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