Inc42, Peak XV, Prosus and many such venture capitalists who invested in Byju's, which is one of India’s largest online learning Edtech platforms, are likely going to reduce their funding and investment in Byju’s, due to unfulfillment of Fiduciary duties.
The fair value will significantly go down to a huge sum, where there is no official announcement of the exact amount. The VC firm, Peak XV has mentioned “This is a developing situation, and we, alongside the other investors, continue to evaluate all available options,” in a report.
Byjus is facing consecutive backslashes as not only Peak XV, but their other huge stakeholder Prosus has also taken a backfoot in the case of investment in Byju’s. They have mentioned that the governance and structure have not grown enough over the years at Byju’s.
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