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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Fraser Perring has said the Belgian firm’s investment in Byju’s is overvalued, sending Sofina’s shares into a slump.
“It is not an edtech company now, is it?” That’s Viceroy Research’s Fraser Perring speaking to me about Byju’s on the phone from London.
It has been a few days since Perring announced his next short target: Belgian venture investment firm Sofina Group. With a net worth of 11.4 billion euro, or about $12.3 billion, and a 120-year history, Sofina Group has investments in Europe, Asia and the US. As of December 2021, Bengaluru-based edtech giant Byju’s is among Sofina’s top 10 investments.
Perring believes Byju’s is an unsound business, and so he has put a short position on Sofina, …
