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India's once-hot startup Byju's was valued at $22 billion. Now, HSBC and BlackRock say it's worth nothing.

In a first-quarter summary for one of its funds, Blackrock valued its stake in Byju's at $0.

By: Business Insider

Jul 07 2024
88
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India's once-hot startup Byju's was valued at $22 billion. Now, HSBC and BlackRock say it's worth nothing.

Byju CEO Byju Raveendran oversees a company navigating several crises.MANJUNATH KIRAN/AFP via Getty Images

HSBC and BlackRock have written off their investments in once-hot Indian tech compa… [+2437 chars]

India's once-hot startup Byju's was valued at $22 billion. Now, HSBC and BlackRock say it's worth nothing.

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