News > Once valued at $22 billion, Byju’s is now worth 'zero'

Once valued at $22 billion, Byju’s is now worth 'zero'

HSBC has assigned zero value to investment company Prosus' nearly 10% stake (or about $500 million) in Byju’s. "We assign zero value to Byju’s stake amid multiple legal cases and funding crunch. Previously, we valued around 10% stake in Byju’s by applying an 80% discount to the latest publicly disclosed valuation,” according to the HSBC note. The embattled edtech firm is struggling to pay employee salaries amid mounting legal battles.