Macquarie Capital Trims Valuation Of BYJU’S By Nearly 98%

Macquarie Capital Trims Valuation Of BYJU’S By Nearly 98%

SUMMARY

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the valuation came after a Swiss bank accused Macquarie Capital of charging management fees based on an “outsized and outdated valuation” of BYJU’S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.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.