BCCI drags Byju's to bankruptcy proceedings

Prosus, a major Dutch investment firm, has written off its 9.6% stake in Indian ed-tech giant BYJU’s, recording a fair value loss of 493 million dollars. This write-off comes after Prosus invested $500 million in BYJU’s, marking one of the largest bets in India’s ed-tech sector.

Prosus records $493 mn loss on BYJU’s investment

Is Byju’s ‘written off?’ Prosus writes off Byju’s stake, citing $493 million in losses

A major shake-up is brewing at India's troubled EdTech giant, Byju's. Shareholders, including prominent investor Prosus, are leading a revolt, demanding a change in leadership amidst a series of crises. Once valued at $22 billion in 2022, Byju's has recently faced a series of challenges, including resignations from its auditor Deloitte and board members.

Byju's valuation freefall sparks shareholder push for leadership change

Prosus-led shareholders push for leadership change at Byju's: Report

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