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In 50 Words: Prosus cuts Byju’s valuation to $5.1b
Prosus, a major non-founder shareholder in Byju’s, has significantly reduced the value of its stake in the edtech firm, suggesting a reduced valuation of $5.1 billion for the Indian startup. This follows a series of challenges for the company, including legal disputes, board member resignations, and the departure of global auditor Deloitte.
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