In early November, it released its much-delayed financial results for fiscal 2022. Other investors in the cap table may well ascribe a completely different valuation to their company.”įor instance, global asset-management giant BlackRock had also slashed Byju’s valuation twice in the past 18 months - to $11.5 billion in October and then to $8.4 billion in May.īyju’s is dealing with a wide array of challenges – ranging from layoffs to losses to a government probe alleging foreign exchange violations.

No transaction is taking place at this valuation. “But I would not ascribe too much significance to this $3 billion valuation.

“It is a fact that edtech companies like Byju's were valued at stratospheric levels during the pandemic and currently the whole sector is trading at a deep discount to those highs,” says Ganesh, who cofounded online education company TutorVista, which he then sold to global education major Pearson. Serial entrepreneur K.Ganesh has a different interpretation.

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