From TechCrunch
By Manish Singh
November 29, 2023
Investment giant Prosus has written down the valuation of edtech giant Byju’s to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit just early last year. Byju’s is facing many “challenges” and Prosus and other backers are working alongside to aid the Bengaluru-headquartered startup’s recovery, Prosus interim chief […]
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Prosus slams Byju’s after quitting board, says India’s top startup ‘regularly disregarded advice’
Prosus, one of the largest investors in Byju’s, expressed its disappointment in the edtech giant’s reporting and governance practices on Tuesday, a month after the all the key investors quit the startup’s board. Prosus said in scathing a statement on Tuesday that Byju’s reporting and governance structures “did not evolve sufficiently for a company of that […]
Jul 24, 2023
Invesco cuts Swiggy valuation by half to $5.5 billion
Invesco, which led Swiggy’s previous round, has marked down the Indian food delivery giant’s valuation in its holding to about $5.5 billion, according to a filing. This revised valuation, as of January 31, 2023, represents a striking 48.6% decrease from the $10.7 billion valuation Invesco had previously attributed to the startup during a funding round […]
May 8, 2023
Prosus slams Byju’s after quitting board, says Indian startup ‘regularly disregarded advice’
Prosus, a large investor in Byju’s has gone on record to express its disappointment in the edtech giant’s reporting and governance practices, a month after the all the key investors quit the startup’s board. Prosus, one of the most prolific investors in India, said in a statement on Tuesday that Byju’s “reporting and governance structures did […]
Jul 24, 2023
Indian edtech giant Byju’s raises $250 million, on track to close another $700 million
Byju’s has raised $250 million in fresh funding and is close to securing an additional $700 million, two people familiar with the matter told TechCrunch, as the Indian edech giant builds up its war chest ahead of the highly-anticipated IPO of its subsidiary Aakash. The New York-headquartered investment firm Davidson Kempner has invested $250 million […]
May 12, 2023