90% drop in valuation 📉☠️

• API Holdings, PharmEasy's parent company, now valued at $458 million, a 92% drop from its 2021 peak.
• Janus Henderson, a key investor, slashed its valuation by 91.8%, as per SEC filings.
• In April, PharmEasy faced a 90% valuation cut...

https://economictimes.indiatimes.com/tech/startups/pharmeasy-plans-rs-2400-crore-rights-issue-at-90-cut-in-share-price/articleshow/101510154.cms

• Deals over $100 million making a comeback in Indian startup ecosystem after 18-month drought
• Many large rounds in 2024 feature significant secondary component alongside primary capital
• Secondary sales allow early backers to exit, o...

Prosus just released their annual report - was checking it out and saw that they've written off 100% of their Byju's stake

For the unaware, they're Byju's largest share holder with ~10% of the business - their stake was last valued at...