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Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The estimated number is 73% below the value at which the edtech startup raised funds in October.
Prosus, the Netherlands-listed international internet assets arm of South African group Naspers, on Wednesday said the fair value of its 9.67% stake in Byju’s is $578 million. It would mean that the investment company believes the fair value of India’s largest edtech firm is $5.97 billion.
That is 73% below the $22 billion valuation at which the Bengaluru-based company says it raised funds in October.
Prosus’s measure, however, is not the last word on Byju’s valuation. Different investors value private companies differently in their accounts and it is possible that a larger shareholder values their shares in the edtech company …
