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Macquarie Capital Trims Valuation Of BYJU’S By Nearly 98%

Inc42 · 1y ago

Macquarie Capital Trims Valuation Of BYJU’S By Nearly 98%

Macquarie Capital, an Australia-based investment firm, has reduced the valuation of its stake in edtech giant BYJU'S by almost 98%. This translates to $440 million, compared to BYJU'S peak valuation of $22 billion in 2022. The move came after Swiss bank Julius Baer accused Macquarie Capital of charging management fees based on an inflated valuation. Macquarie Capital joins a growing list of investors that have marked down the value of their stakes in BYJU'S. The edtech company has faced several challenges, including a debt crisis, legal cases, and a public feud with investors and lenders.

Related News

Macquarie slashes Byju’s valuation by 98% after Julius Baer protest

Economic Times

Economic Times · 1y ago

Macquarie slashes Byju’s valuation by 98% after Julius Baer protest

Macquarie Capital, the investment banking unit of Australia's Macquarie Group, is reportedly facing a significant write-down of its stake in Indian edtech startup Byju's. The write-down amounts to around 98% of Macquarie Capital's investment and comes after Swiss bank Julius Baer accused the Australian firm of charging fees based on an overvalued and outdated valuation. Macquarie Capital had initially invested hundreds of millions of dollars in Byju's in 2021. The incident highlights the risk associated with private market valuations and the challenges of accurately assessing the value of privately held companies.

Macquarie plans India smart metering platform, starts talks with local firms

VCCircle

VCCircle · 1y ago

Macquarie plans India smart metering platform, starts talks with local firms

Macquarie Capital, the investment arm of Australia's Macquarie Group, is planning to create a smart metering platform in India. The company has initiated discussions with potential local partners for collaboration. Macquarie Capital aims to establish a strong presence in the Indian smart metering sector through this platform.

Macquarie consortium offers to buy software firm Byggfakta in nearly $1 bln deal

Reuters · 1y ago

Macquarie consortium offers to buy software firm Byggfakta in nearly $1 bln deal

A consortium led by Macquarie Capital has made a bid to acquire Byggfakta Group Nordic HoldCo, a Swedish software company, at a valuation of approximately $982.07 million. The offer represents a 31% premium to the stock's last closing price, and if successful, the consortium will pay 46 Swedish kronor per share. Private equity firms TA Associates and Stirling Square Capital Partners, who collectively own a 67.4% stake in Byggfakta, are also part of the consortium.

Macquarie Capital picks up minority stake in EV infra maker ChargeZone

VCCircle

VCCircle · 1y ago

Macquarie Capital picks up minority stake in EV infra maker ChargeZone

Macquarie Capital, the investment arm of Macquarie Group, has acquired a minority stake in ChargeZone, an electric mobility solutions company in India. The investment will support ChargeZone's development of its cloud-enabled EV charging network and drive the company's growth. ChargeZone specializes in building charging networks for electric buses, trucks, and cars and aims to reach one million charging points by 2030. Macquarie Capital continues to seek investment opportunities in the digital infrastructure and energy transition sectors in India and across Asia.

Baron Capital Slashes BYJU’S Valuation By 99%

Inc42 · 1y ago

Baron Capital Slashes BYJU’S Valuation By 99%

Baron Capital has reduced the fair value of its investment in edtech firm BYJU'S by 99.85% to $120 million. The investment firm has valued its BYJU'S shares in the Baron Emerging Markets Fund at $75,485 and its shares in the Baron Global Advantage Fund at $45,294. This decrease reflects a larger concern regarding the valuation of BYJU'S, which has experienced a significant decline from its peak valuation of $22 billion.

Paytm shares hit fresh lows as Macquarie sees 'arduous' path for payments firm

VCCircle

VCCircle · 1y ago

Paytm shares hit fresh lows as Macquarie sees 'arduous' path for payments firm

Paytm's shares hit a new record low as Macquarie warns of the challenges the Indian payments firm faces in shifting customers to other banks before the central bank-set deadline. The Reserve Bank of India (RBI) ordered Paytm Payments Bank to shut down most of its business by the end of February due to non-compliance. Paytm has lost nearly 50% of its market value since then. Macquarie expects prices to drop another 28% and warns of the risk of customer exodus and declining lending business revenue.

Lightspeed-backed SolarSquare nearly doubles revenue in FY25, trims losses

VCCircle

VCCircle · 3m ago

Lightspeed-backed SolarSquare nearly doubles revenue in FY25, trims losses

SolarSquare, a rooftop solar panel provider backed by investors like Lightspeed Venture Partners and Elevation Capital, nearly doubled its revenue in the financial year ending March 2025. The Mumbai-based company also managed to reduce its losses, according to a top executive. SolarSquare is supported by several other prominent investors such as Lightrock, Lowercarbon, Rainmatter, and Gruhas Proptech. This growth reflects increased investment and a strong market presence in the renewable energy sector.

Prosus stake in Byju’s worth zero: HSBC

Economic Times

Economic Times · 1y ago

Prosus stake in Byju’s worth zero: HSBC

HSBC has stated that Prosus' nearly 10% stake in Indian edtech firm Byju's is essentially worthless due to legal battles and a cash crunch. This comes as Byju's controversial $200 million rights issue is being conducted with a 99% discount to its peak valuation, potentially erasing the holdings of investors who don't participate. Additionally, Prosus is involved in a legal battle with Byju's in Karnataka High Court, and Byju's is facing legal troubles in the US over a $1.2 billion loan. The company's operations have also been affected by a lack of funds.

Grapevine: Blackstone, Sattva Group, Blueleaf Energy, Jakson Green, and Byju’s in news

VCCircle

VCCircle · 6m ago

Grapevine: Blackstone, Sattva Group, Blueleaf Energy, Jakson Green, and Byju’s in news

A joint venture between Blackstone and Sattva Group intends to submit draft IPO papers for a real estate investment trust by mid-February. Concurrently, Blueleaf Energy, owned by Macquarie, has reportedly agreed to buy a substantial stake in Jakson Green’s solar assets. In other news, a U.S. federal judge issued a ruling, though specific details were not mentioned in the summary of recent developments reported across various media outlets.

WeWork to proceed with 1-for-40 reverse stock split

Economic Times

Economic Times · 1y ago

WeWork to proceed with 1-for-40 reverse stock split

WeWork is moving forward with a one-for-forty reverse stock split of its class A and class C common stock, authorized by shareholders. This follows a steep decline in WeWork's shares, which lost nearly 98% of their value this year. The reverse split aims to boost the company's share price, potentially attracting investors and stabilizing its position. WeWork shares had lost almost 98% of its value this year, approaching near-zero earlier in the month, after the company warned it could go bankrupt.

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