The Netherlands-based investment group Prosus has valued edtech giant BYJU at $5.98 billion in its half-yearly report.
“Through other comprehensive income, the group accounts for its 9.67% effective interest in BYJU’s at fair value.” The fair value of BYJU’s investment after the loss of significant influence is $578 million, according to Prosus’ report. Prosus’ fair valuation represents a 20.5X multiple of BYJU’s revenue in FY21. The edtech behemoth was valued at $22 billion during its $250 million funding round in October. According to Prosus, the edtech giant’s revenue increased by nearly 90% in the first half of FY23.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
The Netherlands-based investment group Prosus has valued edtech giant BYJU at $5.98 billion in its half-yearly report.
“Through other comprehensive income, the group accounts for its 9.67% effective interest in BYJU’s at fair value.” The fair value of BYJU’s investment after the loss of significant influence is $578 million, according to Prosus’ report. Prosus’ fair valuation represents a 20.5X multiple of BYJU’s revenue in FY21. The edtech behemoth was valued at $22 billion during its $250 million funding round in October. According to Prosus, the edtech giant’s revenue increased by nearly 90% in the first half of FY23.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
