Prosus Reduces Byju’s Valuation to $5.1 billion Amidst Company Struggles

  • Dutch technology investor Prosus, Byju’s largest stakeholder, decreased the edtech startup’s valuation to $5.1 billion in its annual report.
  • Loss of influence in Byju’s and changes in the company valuation approach prompted Prosus’ markdown, diminishing a previous value of $5.97 billion.
  • Challenges escalate as Byju’s board shrinks, its auditor resigns due to financial statement disputes, and is subject to both domestic and US legal issues.
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