BlackRock marks down Byju’s valuation again to $8.2 billion

The world’s largest asset manager, BlackRock, has further marked down the valuation of Byju’s, three months after it first reduced the value of its holdings in the Indian edtech firm.

In a regulatory filing with the US Securities and Exchange Commission for the quarter ended March 31, BlackRock has valued Byju’s at $8.2 billion, which was 62.7% lower than the $22 billion valuation the company was ascribed at the time of its last fundraising in October 2022.

BlackRock owns less than 1% in Think and Learn Pvt Ltd, the parent of Byju’s.