US investors slash Byju’s and Swiggy valuation

Some of the biggest Indian startups are taking a haircut successful their valuations.

BlackRock has chopped the valuation of Byju’s, which is India’s astir invaluable startup astatine $22 billion, to astir fractional astatine $11.5 billion, according to filings seen by TechCrunch. Indian quality outlet The Arc first reported astir the valuation cut.

Swiggy, India’s astir invaluable nutrient transportation startup astatine $10.7 billion, has been marked down to a valuation of astir $8 cardinal by Invesco, according to disclosures by the U.S. money seen by TechCrunch.

More to follow.