[hawkoy]

How does byjus have that valuation? That seems a little too much.

Is there something shody going on here? Their financial report says they are profitable since last year.

This probably explains it a little: https://www.reddit.com/r/IndiaInvestments/comments/ifjh95/ho...

[darkhorse13]

Note that Byju's reported revenue in 2019 was $78M, so we are looking at a multiplier of around 140! Probably nothing shady though, just VCs being VCs, hoping to unload this on the public through an IPO, make their money and get out.