Prosus pegs Byju’s valuation at $6 billion

The estimated number is 73% below the value at which the edtech startup raised funds in October.

Prosus, the Netherlands-listed international internet assets arm of South African group Naspers, on Wednesday said the fair value of its 9.67% stake in Byju’s is $578 million. It would mean that the investment company believes the fair value of India’s largest edtech firm is $5.97 billion.

That is 73% below the $22 billion valuation at which the Bengaluru-based company says it raised funds in October.

Prosus’s measure, however, is not the last word on Byju’s valuation. Different investors value private companies differently in their accounts and it is possible that a larger shareholder values their shares in the edtech company …


Pradip K. Saha

Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.

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