Friday, September 20, 2024
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Blackrock

In October 2023, BlackRock valued Byju's shares at approximately $209.6 each, marking a substantial decline from the peak of $4,660 in 2022

The partnership aims to transform India's asset management industry through a digital-first offering and democratise access to investment solutions for investors in India

Byju’s was valued at $22 billion in its last funding round

The IPO for Byju's tutoring services division was previously planned for 2023, which was postponed as the edtech decacorn battled various challenges

Prior to this, Blackrock slashed its valuation to $11 billion in February

The layoffs came at a time when the company was considering slowing down its hiring process