Dutch firm Prosus writes off $578m investment in Byju's, reducing stake to 9.6% due to startup's decreased value.

Dutch investment firm Prosus has written off its entire $578 million investment in Indian edtech company Byju's, citing a significant decrease in the startup's value for equity investors. Prosus' stake in Byju's decreased to 9.6% after it lost significant influence in the company. Byju's, once valued at $22 billion, has faced various financial and governance issues, leading to a decline in its valuation.

June 24, 2024
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