BlackRock slashes Byju's valuation by 95% to $1bn

US-based asset manager BlackRock which holds a minority stake in troubled edtech startup Byju's has slashed the company's valuation to $1 billion as of October 2023. This is a 95% drop from its peak valuation of $22 billion at which the startup had raised $250 million in funding from investors in October 2022. The disclosure was...