Early BYJU investors are looking to sell their stake

Share via:

Several early investors in BYJU’s, including Lightspeed Investment Partners and Chan Zuckerberg, are reportedly looking for buyers to sell a portion or all of their stake in the edtech behemoth.

According to Tracxn data, the Chan Zuckerberg Initiative and Lightspeed each own a 2.4% stake in BYJU’S. According to a Mint report, investors are looking to book profits and have given investment banks “soft mandates” to find buyers. The investors wish to profit from their long-term investment in BYJU’s. While the talks are still in their early stages, a final valuation has yet to be determined, according to the report. A deal could be struck at a 30% discount to the company’s last funding valuation of $22 billion.

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.

Popular

More Like this

Early BYJU investors are looking to sell their stake

Several early investors in BYJU’s, including Lightspeed Investment Partners and Chan Zuckerberg, are reportedly looking for buyers to sell a portion or all of their stake in the edtech behemoth.

According to Tracxn data, the Chan Zuckerberg Initiative and Lightspeed each own a 2.4% stake in BYJU’S. According to a Mint report, investors are looking to book profits and have given investment banks “soft mandates” to find buyers. The investors wish to profit from their long-term investment in BYJU’s. While the talks are still in their early stages, a final valuation has yet to be determined, according to the report. A deal could be struck at a 30% discount to the company’s last funding valuation of $22 billion.

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.

Website Upgradation is going on for any glitch kindly connect at [email protected]

More like this

This Week on Crypto Twitter: SBF Resurfaces, Yuga Labs...

Just when you thought the world was ready...

Security Bite: Jamf warns cyber hygiene among many Apple-using...

Hey, Arin here. Last week was the busiest...

Apple’s wearable ideas include smart glasses and cameras in...

Apple’s future roadmap for wearables may include AI-powered...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!