Byju's Valuation Plummets from $22 Billion to Zero

HSBC and BlackRock's latest assessments reflect severe financial and legal struggles for the once-prominent edtech firm.

HSBC and BlackRock have both written down their valuations of Byju's to zero.
Byju's faced significant governance issues, missed financial targets, and abrupt resignations from key positions.
The company is embroiled in legal disputes, including a bankruptcy petition from lenders.
Byju's raised $200 million this year, but the funding is under legal scrutiny.
Investors are calling for the removal of CEO Byju Raveendran and his family from the board.