BlackRock cuts Byju’s valuation by 60% by bringing it down to $8 billion


The world’s largest asset manager, BlackRock, has once again marked down the valuation of Byju’s, three months after it first reduced the value of its holding in the Indian edtech firm.

In a regulatory filing with the US Securities and Exchange Commission for the quarter ended March 31, BlackRock has valued Byju’s at $8.2 billion, which was brought down from $22 billion by 62.7%, since its last valuation of the company at the time of its last fundraising in October 2022.

BlackRock owns less than 1% in Think and Learn Pvt Ltd, the parent company of Byju’s.


Earlier in February, the fund manager had slashed the value of its investment in Byju’s by valuing the Indian startup at around $11 billion.

Other major investors in Byju’s include Tiger Global, Sequoia Capital, General Atlantic, Prosus and Tencent.

Meanwhile, Byju’s has been facing issues with its lenders who have been seeking amendments to the loan terms. The edtech giant has also been under scanner for allegedly late filing of its financial results and its business practices, including alleged mis-selling of courses.

Other startups which had their valuations revised by institutional investors in recent months include Meesho, Pine Labs, Pharm Easy, Ola, and Swiggy.