Prosus zeroes out 9.6% Byju’s stake
Major investor Prosus has written off the worth of its 9.6% stake in edtech firm Byju’s to zero, signaling a loss of confidence in the once-most valued Indian startup. Prosus, the largest external investor in Byju’s, wrote off the startup “due to the significant decrease in value for equity investors,” it disclosed in its earnings […]
© 2024 TechCrunch. All rights reserved. For personal use only.