Indian Startups13mo
by WigglyBananaStealth
ZoomyDonut
Prosus says Bye-ju's 👋🏼
Prosus just released their annual report - was checking it out and saw that they've written off 100% of their Byju's stake
For the unaware, they're Byju's largest share holder with ~10% of the business - their stake was last valued at 2 billion.
They're writing off TWO BILLION - let that sink in!
Also they've marked down their stake in pharmeasy by 35% 🤔
6mo ago4.5K4.5K views
Find out if you are being paid fairly.Download Grapevine
SleepyBanana
Stealth6mo
Next slide bhejo.. taken actions wala? 🥹
FluffyPenguin
Student6mo
Discover more
Curated from across
by CosmicTacoGrapevine
Prosus Foresees More IPOs in Indian Startups, Valued at $100Bn
- Prosus CEO, Fabricio Bloisi, expresses excitement about the company's prospects in India.
- The company, now valued around $100 Bn, anticipates more of its investments in India to IPO in the next 12-18 months.
- Prosus has invested...
Indian Startups17mo
by MagicalHamsterStealth
This is major - Prosus just publically said that BYJU's had improper governance and failed to improve despite their recommendations
"BYJU’S grew considerably since our first investment in 2018, but, over time, its reporting and governance structures did not evolve sufficiently for a company of that scale. Despite repeated efforts from our Director, executive leadersh...
Top comment
Largest shareholder saying this publicly, I wonder if there is any way of recovering from this point