Prosus zeroes out 9.6% Byju’s stake

Major investor Prosus has written off the worth of its 9.6% stake in edtech firm Byju’s to zero, signaling a loss of confidence in the once-most valued Indian startup. Prosus, the largest external investor in Byju’s, wrote off the startup “due to the significant decrease in value for equity investors,” it disclosed in its earnings […]

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