IBBI RVO RCOGNITION NO.

IBBI/RVO/2018/05 Vol - 56 / 23, September 2022

ICMAI REGISTERED VALUERS ORGANISATION

WEEKLY VALUATION NEWS

SoftBank cuts internal valuation of Oyo to $2.7 bn’

Masayoshi Son-led SoftBank has cut the internal valuation of Ritesh Agarwal-run Oyo to $2.7 billion from
its last reported valuation of nearly $10 billion, TechCrunch reported on Thursday.The reported valuation
cut comes at a time when the hospitality major is eyeing its initial public offering (IPO) in months to
come.The report, citing a source, said that SoftBank is the largest investor in Oyo — at 45 per cent —
and its estimation “is a strong signal of the startup’s current health
Source: News Today
Please read the full news at
https://newstodaynet.com/2022/09/23/softbank-cuts-internal-valuation-of-oyo-to-2-7-bn/

Byju’s $22-billion valuation makes no sense to Harsh Goenka; Kiran

Mazumdar-Shaw agrees
One of India’s most valuable startups, Byju’s, has grabbed the attention of Harsh Goenka and Kiran
Mazumdar-Shaw, but for all the wrong reasons. Two of India’s most prominent business personalities
seem to be confused about how Byju’s is valued at $22 billion. Byju's reported a loss of ₹4,588 crore for
the fiscal year that ended on March 31, 2021, which is 19 times greater than the prior fiscal, and delayed
the release of its audited financial accounts until September 2022. From ₹231.69 crore in the previous
fiscal year, losses increased in the 2020–21 period. From ₹2,511 crore in FY20 to ₹2,428 crore in FY21,
revenues decreased
Source: Live mint
Please read the full news at:
https://www.livemint.com/news/india/byjus-22-billion-valuation-makes-no-sense-to-harsh-goenka-kiran-mazumdar-shaw-
agrees-11663390804755.html
IBBI RVO RCOGNITION NO. IBBI/RVO/2018/05 Vol - 56 / 23, September 2022

Adani-led Ambuja Cements rallies 8.5%; rich valuation a party pooper

Shares of Ambuja Cements Ltd have been on a roll the last few trading session. Continuing their upswing,
shares of the cement manufacturer rallied 8.5% in early deals on Monday to hit a new 52-week high of
₹568 apiece on the National Stock Exchange. With that, the stock has breached its previous high seen
on 16 September. Both Ambuja and ACC Ltd have been in the limelight after Holcim inked a pact with
the Adani Group, earlier this year, to sell its stake in these. Since then, hopes have been running high
that the new management would increase its focus on capacity expansions, where both the companies
have been lagging competition, which in turn had weighed on their market share
Source: Live mint
Please read the full news at:
https://www.livemint.com/market/mark-to-market/adaniled-ambuja-cements-rallies-8-5-rich-valuation-a-party-pooper-
11663567694035.html

Valuations above fair range; don’t chase the momentum, stagger investments:
Harsha Upadhyaya
How is India looking going ahead?Indian online education provider Byju's is struggling to close a funding
round of $800 million as a global technology rout weighs on valuations. Investors including Sumeru
Ventures and little-known firm Oxshott haven't transferred about $250 million of the targeted amount
because of “macroeconomic reasons,” a Byju's spokeswoman said Monday without elaborating. The two
firms should come through by the end of August, she added. Founder Byju Raveendran however has
completed an injection of about $400 million into the startup as part of the round, the spokeswoman
said.
Source: ndtv
Please read the full news at:
https://economictimes.indiatimes.com/markets/expert-view/valuations-above-fair-range-dont-chase-the-momentum-stagger-
investments-harsha-
upadhyaya/articleshow/94064254.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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