Edtech platform BYJU’S has experienced yet another valuation cut, this time by US-based investment management firm BlackRock. BlackRock, which owns less than 1% stake in the company, has reduced BYJU’S valuation by 61.9% in the quarter ending March, bringing it down to $8.36 billion from the previous valuation of $22 billion.

This comes shortly after BlackRock had already slashed BYJU’S valuation by 50% last month, marking a consecutive decline. It is important to note that valuation methodologies can differ among investors, and BlackRock’s decision to reduce the valuation does not necessarily indicate negative perceptions from other investors. However, it may have a ripple effect in the market.

Despite the valuation cuts, BYJU’S has recently secured $250 million in a debt round through structured investments from US-based alternative investment firm Davidson Kempner. This injection of funds indicates that the company is still able to attract financial support from certain investors.

BYJU’S has been a major player in the edtech industry, with a significant presence in the Indian market and expanding globally. The recent valuation cuts highlight the volatility of the market and the varying assessments of the company’s worth. It remains to be seen how these developments will impact BYJU’S future strategies and investor sentiment.

Edtech platform BYJU’S has experienced yet another valuation cut, this time by US-based investment management firm BlackRock. BlackRock, which owns less than 1% stake in the company, has reduced BYJU’S valuation by 61.9% in the quarter ending March, bringing it down to $8.36 billion from the previous valuation of $22 billion.

This comes shortly after BlackRock had already slashed BYJU’S valuation by 50% last month, marking a consecutive decline. It is important to note that valuation methodologies can differ among investors, and BlackRock’s decision to reduce the valuation does not necessarily indicate negative perceptions from other investors. However, it may have a ripple effect in the market.

Despite the valuation cuts, BYJU’S has recently secured $250 million in a debt round through structured investments from US-based alternative investment firm Davidson Kempner. This injection of funds indicates that the company is still able to attract financial support from certain investors.

BYJU’S has been a major player in the edtech industry, with a significant presence in the Indian market and expanding globally. The recent valuation cuts highlight the volatility of the market and the varying assessments of the company’s worth. It remains to be seen how these developments will impact BYJU’S future strategies and investor sentiment.