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.

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.