{"id":10913,"date":"2023-03-31T14:25:53","date_gmt":"2023-03-31T14:25:53","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/03\/31\/us-investors-slash-byjus-and-swiggy-valuation\/"},"modified":"2023-03-31T14:25:53","modified_gmt":"2023-03-31T14:25:53","slug":"us-investors-slash-byjus-and-swiggy-valuation","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/03\/31\/us-investors-slash-byjus-and-swiggy-valuation\/","title":{"rendered":"US investors slash Byju&#8217;s and Swiggy valuation"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<div class=\"article__featured-image-wrapper breakout\">\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n<div>\n<p id=\"speakable-summary\">Some of the biggest Indian startups are taking a haircut in their valuations as their backers adjust their estimates amid the weakening global economy.<\/p>\n<p>BlackRock has cut the valuation of Byju\u2019s, which is India\u2019s most valuable startup at $22 billion, to nearly half at $11.5 billion, according to filings seen by TechCrunch. Indian news outlet The Arc <a href=\"https:\/\/www.linkedin.com\/pulse\/blackrock-paper-scissors-top-investor-cuts-byjus-valuation-50\/\" target=\"_blank\" rel=\"noopener\">first reported<\/a> about the valuation cut.<\/p>\n<p>Swiggy, India\u2019s most valuable food delivery startup at $10.7 billion, has been marked down to a valuation of about $8 billion by Invesco, according to disclosures by the U.S. fund seen by TechCrunch.<\/p>\n<p><em>More to follow.<\/em><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2023\/03\/31\/us-investors-slash-byjus-and-swiggy-valuation\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some of the biggest Indian startups are taking a haircut in their valuations as their backers adjust their estimates amid the weakening global economy. BlackRock has cut the valuation of Byju\u2019s, which is India\u2019s most valuable startup at $22 billion, to nearly half at $11.5 billion, according to filings seen by TechCrunch. Indian news outlet [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-10913","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=10913"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/10914"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=10913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=10913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=10913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}