HomeNews listOBJECTIVE PRESSSetback for Byju’s: BlackRock slashes valuation by whopping 95% to just $1 billion

Setback for Byju’s: BlackRock slashes valuation by whopping 95% to just $1 billion

  • January 12, 2024
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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BlackRock, the world’s largest asset manager, has reduced the estimated value of edtech firm Byju’s to $1 billion, marking a decline of over 95% from its previous valuation. Byju’s, headquartered in Bengaluru, is facing operational difficulties and exploring the sale of group assets to address its debt.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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