Prosus writes off $22 billion Indian edtech giant Byju’s

One of Byju’s largest investors, Prosus, on Monday said it believes its stake in the Indian edtech startup is now worth nothing, but it is still hopeful that the formerly most-valuable Indian startup can be salvaged.

The largest external investor in Byju’s with a 9.6% stake, Prosus said in its quarterly report that its stake in the startup is now worth zero “due to the significant…