India: Prosus writes off Byju’s investment, records $493m loss
A few days ago, BlackRock and Baron Capital Group also reduced the valuation of their stake in Byju's to nothing.
BlackRock, Baron Capital cut value of their BYJU’s stakes to nothing
Separately, HSBC said Dutch tech investor Prosus' stake in the edtech firm was worth nothing.
Term loan lenders push to drag more Byju’s units to bankruptcy
A group of Byju's lenders has filed to initiate bankruptcy proceedings against three units of the edtech firm in the US.
US PE giant Silver Lake raises $20.5b seventh fund—its biggest to date
Its predecessor fund had raised $20b in early 2021.
BYJU’s to consolidate business into three divisions, India CEO to step down
Founder Byju Raveendran will take on a more "hands-on" approach in daily operations.
India’s beleaguered edtech startup Byju’s breached $42m loan terms
It has also been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed.
Embattled Indian edtech startup BYJU’s delays salaries again, blames foreign investors
BYJU’S says it is following a parallel line of credit.
Peak XV to launch new perpetual fund backed by own partners
The fund will not invest in startups directly but will invest in its own main fund.
Funding for female-founded startups in India slumps 69% to $1.1b in 2023
These companies accounted for 9.25% of all private capital raised by startups in the country last year, down from 13% in 2022.
Asia Digest: Macquarie cuts value of BYJU’s investment by 98%; EQT-Temasek to sell O2 Power
Julius Baer had accused Macquarie of charging fees based on an outdated valuation.