Prosus, an investment giant, has written down the valuation of edtech giant Byju’s to below $3 billion. This marks a steep drop from the $22 billion valuation that Byju’s hit just early last year. The 86% write down in Byju’s valuation comes as the Bengaluru-headquartered startup works to restructure operations and cut costs after huge pandemic-era growth left it with surging losses. By Coshorts
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