The move to trim the valuation came after a Swiss bank accused Macquarie Capital of charging management fees based on an “outsized and outdated valuation” of BYJU’S
According to people familiar with the development, Macquarie Capital had invested a few hundred millions of dollars in BYJU’s in 2021
Interestingly, the edtech major valued itself more than 99% lower from its peak valuation of $22 Bn during the recently concluded $200 Mn rights issue
Australia-based Macquarie Capital has reportedly slashed the valuation of its stake in edtech major BYJU’S by nearly 98%.
As per rough calculation, this translates to $440 Mn as against the edtech’s peak valuation of $22 Bn in 2022.