![Prosus slashes Indian edtech giant Byju's valuation to 'sub-$3 billion'](https://cialisoral.com/wp-content/uploads/2023/11/1701243629_Prosus-slashes-Indian-edtech-giant-Byjus-valuation-to-sub-3-billion.jpg)
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Prosus has marked down the valuation of Byju’s, India’s most valuable startup, to below $3 billion, the investment giant’s executives said in an earnings call Wednesday.
The Bengaluru-headquartered startup, which has raised over $5 billion in equity and debt over the years, was valued at $22 billion in its last financing round in early 2022.
More to follow.