byjus board

A majority of investors in Byju’s parent Think & Learn (T&L) unanimously voted to remove founder Byju Raveendran as CEO and revamp the board, which includes wife and cofounder Divya Gokulnath and brother Riju Ravindran. All the resolutions that came up for vote at the online extraordinary general meeting (EGM) on Friday were passed, according to Prosus, one of the investors. It holds just 9.1% in the troubled edtech firm, having invested more than $500 million over the years. Elevate Your Tech Prowess with…

Amidst financial turbulence at Byju's, a group of key investors at the edtech have called for an extraordinary general meeting on Friday to oust its founder CEO Byju Raveendran and his family members over "mismanagement and failures" at what was once India's hottest tech startups, sources said. The shareholders, who have called the EGM, collectively hold more than 30 per cent stake in Byju's. Raveendran and family own about 26 per cent in the company. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…