Source: Inc42
"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...
Largest shareholder saying this publicly, I wonder if there is any way of recovering from this point
Udaan is planning to raise additional 250 million dollars from existing investors. Udaan is expecting to undergo massive valuation undercut.
Link: https://entrackr.com/2023/08/exclusive-udaan-in-talks-to-raise-new-round-valuation-may-dr...
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...
