Why Prosus’ $578 mn fair value doesn’t put BYJU’S valuation at $6 bn

Global investment group Prosus has put the fair value of its 9.67 per cent stake in BYJU'S at $578 million, which technically puts the current valuation of the edtech major at nearly $6 billion -- last valued at $22 billion -- but this is not the case as Prosus has changed its accounting treatment for BYJU'S.

BYJU’s extend employee health cover to parents, siblings, in-laws

The new policy, an extended cover of Rs 4 lakhs (employees have the option to top up the cover as well), provides employees the option to choose covers for family members, that is, parents, siblings, in-laws, and same-gender partners in the same plan, BYJU's said.