Page 18 - Learn Private News Today

BYJU'S founder Byju Raveendran sounded optimistic about the viability of edtech as an industry and said that it is not a ‘pandemic phenomenon’ but a permanent fixture.

At a time when edtech giant Byju's has been hit with multiple challenges, CEO Byju Raveendran assured employees that the company will bounce back.

Edtech company, Byju's, is offering benefits to potential investors, including preferential treatment in the case of liquidation.

Test Preparation Market Size, Growth Rate (CAGR of 5.8%), Drivers and Forecast 2023-2028

“Prosus confirms that Russell Dreisenstock, the representing Board Director from MIH Edtech Investments, B.V. (a Prosus entity) on the board of Think & Learn Private Limited, resigned from his position. The Company is required to file the resignation letter with the MCA in India within the required time period."

Audit firm Deloitte has resigned as auditors of Byju's citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn.

The corporate affairs ministry has received calls for a closer look into the accounts of the company, say reports

Prosus and Peak XV Partners have confirmed that their representatives have resigned from the board of Byju's, India's most valuable startup.

Statements confirming the two board members resignation come a day after Byjus denied the development, calling it speculative.

Earlier today, a report stated that BYJU'S is engaged in discussions with three board members of the company who stepped down from their positions.