Indian edtech firm Byju's reportedly valued at "zero" by HSBC amid financial struggles.

Byju's, the Indian edtech firm once valued at $22bn, has reportedly been valued at "zero" by financial services firm HSBC. The drastic decrease in valuation has come amidst ongoing financial struggles and legal battles for the company, which is currently struggling to pay employee salaries. Byju's had been preparing to go public in early 2022 through an SPAC deal that would have valued the company at up to $40bn.

June 06, 2024
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