India's once-hot startup Byju's was valued at $22 billion. Now, HSBC and BlackRock say it's worth nothing.

India's once-hot startup Byju's was valued at $22 billion. Now, HSBC and BlackRock say it's worth nothing.

MANJUNATH KIRAN/AFP via Getty Images

In another blow to education tech giant Byju's, HSBC and BlackRock have both slashed their valuations of the once-hot company down to zero in recent months.

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