Prosus Writes Down $22 Billion Education Startup Byju's To Zero

Slashdot
By msmashJun 24, 2024, 9:34 am200 pts
Dutch technology investor Prosus has written down its stake in Indian edtech firm Byju's to zero, a stark fall for a startup once valued at $22 billion. Prosus, holding a 9.6% stake, cited a "significant decrease in value for equity investors" in its earnings report. Byju's, which sells online courses to K12…

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