Hit by one crisis after another in the last 2 years, Byju's has seen a dramatic drop in its valuation even though it was once India's most valuable startup. What were the reasons for these markdowns? Arundathi Ramanan with more #Byju #valuation #Prosus #BaronCapital #IPO | CNBC-TV18

In another blow to BYJU's, tech investor Prosus cut the edtech startup's valuation to under $3 billion, 86% less than its peak valuation of $22 billion last year. After a rapid expansion during the Covid pandemic, Byju's has been struggling with cash-flow problems and is embroiled in a dispute with creditors over a $1.2 billion loan. | NDTV