Venture Intelligence (TSJ Media Pvt. Ltd.)
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Macquarie trims valuation of Byju’s by 98%: report
Australia-based Macquarie Capital has slashed the valuation of its stake in edtech firm Byju’s by nearly 98%. This translates to USD 440 million against the edtech’s peak valuation of USD 22 Billion in 2022.Macquarie’s move to almost write off its entire stake in the startup came after Swiss bank Julius Baer accused the investment firm of charging management fees based on an “outsized and outdated valuation”.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.