Editor
Dutch-listed technology investor Prosus NV has slashed the valuation of troubled Indian edtech startup Byju’s to $5.1 billion according to its annual report, a fall of more than 75% from the startup’s $22 billion valuation last year.
Prosus cut the value of its 9.6% stake in Byju’s to around $493 million in the financial year ended March 31, the report added, days after it stepped down from Byju’s board along with other investors….
