BlackRock slashes BYJU’S valuation by 62% to $8.3 Bn

Edtech giant BYJU’S has now undergone a second valuation cut within a couple of weeks time. This time, US-based investment management firm BlackRock, which owns less than 1% stake in the edtech unicorn, has again slashed BYJU’S valuation by 61.9% in the quarter ending March this year to $8.36 Bn from its existing $22 Bn valuation. Just last month it was reported that BlackRock had slashed BYJU’S valuation by 50% to $11.5 Bn.