BREAKING: BlackRock Slashes BYJU'S Valuation BY 62% To $8.3 Bn

Edtech giant BYJU’S has now undergone a second valuation cut within a couple of weeks time. This time, US-based investment management firm BlackRock, which owns less than 1% stake in the edtech unicorn, has again slashed BYJU’S valuation by 61.9% in the quarter ending March this year to $8.36 Bn from its existing $22 Bn valuation.

Just last month it was reported that BlackRock had slashed BYJU’S valuation by 50% to $11.5 Bn. With that said, it must be noted that valuation methodologies vary from investor to investor and BlackRock slashing valuation does not necessarily imply that they are being perceived negatively by other investors, but does create a ripple effect.

In fact, BYJU’S has managed to bag $250 Mn in a debt round through structured investments from the US-based alternative investment firm Davidson Kempner earlier this month.

This is a developing story

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