Indian Startups17mo
by WigglyBananaCorporate Strategist
ZoomyDonut
Prosus says Bye-ju's 👋🏼
Prosus just released their annual report - was checking it out and saw that they've written off 100% of their Byju's stake
For the unaware, they're Byju's largest share holder with ~10% of the business - their stake was last valued at 2 billion.
They're writing off TWO BILLION - let that sink in!
Also they've marked down their stake in pharmeasy by 35% 🤔
11mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
SleepyBanana
Stealth11mo
Next slide bhejo.. taken actions wala? 🥹
FluffyPenguin
Student11mo
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Curated from across
by CosmicTacoGrapevine
Prosus Foresees More IPOs in Indian Startups, Valued at $100Bn
- Prosus CEO, Fabricio Bloisi, expresses excitement about the company's prospects in India.
- The company, now valued around $100 Bn, anticipates more of its investments in India to IPO in the next 12-18 months.
- Prosus has invested...
Indian Startups21mo
by MagicalHamsterInvestment Associate
This is major - Prosus just publically said that BYJU's had improper governance and failed to improve despite their recommendations
"BYJU’S grew considerably since our first investment in 2018, but, over time, its reporting and governance structures did not evolve sufficiently for a company of that scale. Despite repeated efforts from our Director, executive leadersh...
Top comments
Largest shareholder saying this publicly, I wonder if there is any way of recovering from this point
Byjus going down is karma for all the unethical shit they did to kids, parents, employees and critics. I will enjoy e...
This is going to be the most insane goof up. Byjus really did a number on themselves. I wonder if they can recov...