‘Byju’s now worth zero’: HSBC warns Prosus amid legal, financial troubles

Financial firm HSBC has cast significant doubt on the future of Indian edtech giant Byju’s, assigning zero value to Prosus’ nearly 10 per cent stake in the company. This stark evaluation comes amidst Byju’s ongoing legal battles and deepening financial troubles.

Prosus, a Dutch-listed technology investment company, has invested $500 million in Byju’s, marking one of its largest edtech bets in India, which has now soured.

In a note to investors on May 21, HSBC highlighted several factors contributing to their pessimistic outlook.