In its half-yearly report, the Dutch investment firm Prosus valued BYJU, a leader in edtech, at $5.98 billion.
The group accounts for its 9.67% effective interest in BYJU’s at fair value through other comprehensive income. According to Prosus’ analysis, the fair value of BYJU’s investment following the loss of substantial influence is $578 million. The fair value of Prosus is equivalent to a 20.5X multiple of BYJU’s FY21 revenue. The $22 billion valuation of the edtech titan came from its $250 million investment round in October. Prosus reports that in the first half of FY23, the edtech giant’s revenue surged by about 90%.
