Macquarie slashes Byju’s valuation by 98% after Swiss bank Julius Baer’s red flag
Julius Baer’s clients had invested via a feeder fund into a Macquarie vehicle that held the Byju’s stake. Macquarie Capital is reportedly writing down nearly its entire investment in Byju’s, after Swiss bank Julius Baer Group alleged the edtech firm charged fees based on an outsized and outdated valuation. The unit of Australia’s Macquarie Group is, according…
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