In November of the previous year, tech investor Prosus NV valued Byju's at under $3 billion, while in May, BlackRock had lowered its valuation to approximately $8.4 billion. Byju's, an Indian edtech giant, has faced challenges recently. In late November, the company received a notice from the Enforcement Directorate (ED) and is expected to pay a fine for alleged violations of foreign exchange laws. The regulatory scrutiny adds to the pressures faced by Byju's, impacting its overall financial standing and market perception.