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Prosus Writes Off Investment in Indian Edtech Startup Byju’s

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Prosus NV has written off its entire investment in Byju’s, underscoring the significant drop in valuations and turmoil at the Indian online tutoring firm that was once valued at $22 billion.

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Prosus Swings Its E-Commerce Business Into First-Ever ProfitProsus NV and its Cape Town-based parent Naspers Ltd. swung their e-commerce business into profit for the first time ever as new Chief Executive Officer Fabricio Bloisi prepares to take the reins in July.
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