BlackRock, Baron Capital cut value of their BYJU's stakes to nothing

BlackRock, Baron Capital cut value of their BYJU's stakes to nothing

FILE PHOTO: Advertising hoardings of Byju's, an education technology company and one of India's biggest startups, pictured outside a branch in New Delhi, India, June 23, 2023. REUTERS/Adnan Abidi/File Photo

US global investment management firm BlackRock has valued its stake in BYJU’s at $0, a major downgrade for the Indian edtech giant, which was once valued at $22 billion.

Edited by: Pramod Mathew