Prosus estimates its 9.7% stake in BYJU's to be worth $578m; edtech firm valued at $5.9b

Prosus estimates its 9.7% stake in BYJU's to be worth $578m; edtech firm valued at $5.9b

Photo: Screenshot from Byju's website

Netherlands-based technology investor Prosus has valued its 9.67% stake in BYJU’s at $578 million at the end of the September quarter, taking a conservative accounting stance for its stake in India’s most valuable edtech firm.

“In September 2022, the group lost significant influence in BYJU’s as it no longer exerts significant influence over the financial and operating policies of the entity,” Prosus said in its financial statement for the six months ended September 30.

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