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BlackRock cuts Byju’s valuation by 95% to $1 billion

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BlackRock has cut the value of its holding in Byju’s, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in early 2022, according to disclosures made by the asset manager. At the end of October last year, BlackRock said it valued Byju’s shares at about $209.6 apiece, down from the […]

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