ElasticRun

BlackRock has slashed the value of stake in Byju’s, once worth $22 billion, to zero

BlackRock, an investor in Byju’s, estimates that its stake of Indian edtech giant, once valued at $22 billion, is now worth nothing. The write-down in its estimations, disclosed in an SEC filing, makes Byju’s one of the most spectacular startup slides in recent memory. BlackRock’s disclosure for the period ending March this year follows a […]

BlackRock has slashed the value of stake in Byju’s, once worth $22 billion, to zero Read More »