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.