Significant valuation markdown coming for Byju’s, Peak XV tells LPs; Myntra rejig to lay off 50

Hello, happy hump day, but maybe not for Byju’s. Peak XV Partners, formerly Sequoia India, has told its limited partners that it will significantly mark down the value of its holding in Byju’s as it was in the dark about the company’s finances. This and more in today’s ETtech Morning Dispatch.