BlackRock, Invesco devalue Byju’s, Swiggy stakes amid tech valuation adjustment4 min read 01 Apr 2023, 09:44 AM IST
To control losses, Byju's has been implementing cost-cutting measures, including two rounds of layoffs that have affected around 3,500 employees.
Recent US filings reveal that Byju's and Swiggy faced a decrease in their valuation from US investors last year. BlackRock reduced its investment value in Byju's by almost 50%, while Invesco marked down its investment in Swiggy by 23%, as reported by The Economic Times.
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