How Ex Twitter India Chief is Reimagining Education in a Virtual World - could this be easily replicated? Indian gov  announced plans to for a digital university, edtech startups like BYJU’s and Unacademy may come follow suit.  @GetSelect #For Teachers By Teachers #Edtech Innovation @Inc42 @tanaypratap

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Sam Mendoza

https://www.businessinsider.com/blackrock-hsbc-funds-byjus-startup-valuation-zero-edtech-india-raveendran-2024-6?utm_campaign=business-sf&utm_medium=social&utm_source=facebook&fbclid=IwZXh0bgNhZW0CMTEAAR37hFptsS1Cfy5SL75tLO-iQv8tvfr326d7t-abU2vTpfvsdapHKHK1aqc_aem_AUy37rTwnRtynBz8NoxjeKA6HwDcT-cw66KK_u7QaDNaw6ihAz_Y1vruZo1H-fkLchp10AWDL7DAE__znGhj0_E1

In a first-quarter summary for one of its funds, Blackrock valued its stake in Byju's at $0.

India's once-hot startup Byju's was valued at $22 billion. Now, HSBC and BlackRock say it's worth nothing.

Jerome Cody

Indian edtech startup Byju's is looking to raise between $100M and $300M in fresh funding via a rights issue transaction. The startup is planning to raise a down round at a valuation of less than $2B, which is 90% lower than its peak valuation of $22B. Meanwhile, founder Byju Raveendran has decided to step down from the CEO role. 

https://techcrunch.com/2024/01/23/byjus-seeks-new-funding-at-less-than-2-billion-valuation-a-90-drop/

Indian edtech startup Byju's is looking to raise between $100M and $300M in fresh funding via a rights issue transaction. The startup is planning to raise a down round at a valuation of less than $2B, which is 90% lower than its peak valuation of $22B. Meanwhile, founder Byju Raveendran has decided to step down from the CEO role.   https://techcrunch.com/2024/01/23/byjus-seeks-new-funding-at-less-than-2-billion-valuation-a-90-drop/

Byju's, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter Byju's, once valued at $22 billion, is willing to

Byju's seeks new funding at less than $2 billion valuation, a 90% drop | TechCrunch

BlackRock has marked down the value of its shares in Byju's, giving the Indian edtech firm an implied valuation of $990M, significantly lower than its peak valuation of $22B. 

https://techcrunch.com/2024/01/11/blackrock-cuts-byjus-valuation-by-95-to-1-billion/

BlackRock has marked down the value of its shares in Byju's, giving the Indian edtech firm an implied valuation of $990M, significantly lower than its peak valuation of $22B.   https://techcrunch.com/2024/01/11/blackrock-cuts-byjus-valuation-by-95-to-1-billion/

BlackRock has yet again cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to about $1 billion from $22 billion BlackRock has cut the value of its holding in 

BlackRock cuts Byju's valuation by 95% to $1 billion | TechCrunch

might have some unique value prop but not a substitute for IRL in my opinion

Manuel

Marginally more upside than zoom class i suppose

Sam Mendoza

A group of likeminded people in For Teachers By Teachers are talking about this.