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Edtech firm Think and Learn Private, owner of BYJU'S, said neither the company's founder and CEO Raveendran Byju nor any other board member will attend the meeting called by some select investors.
Shareholders at Byju's are set to vote on Friday on a resolution brought by some investors to oust founder CEO Byju Raveendran and his family members
Edtech major Byju's top official on Wednesday said the company's $200 million rights issue has been fully subscribed and asked all shareholders to participate in the 'renewed mission'. Think and Learn Private Limited, which operates under Byju's brand name, has floated $200 million rights issue at less than 99 per cent enterprise valuation compared to its peak valuation of $22 billion. 'Our rights issue is fully subscribed and my gratitude to my shareholders remains strong.
Ronnie Screwvala, serial investor and Co-founder/Chairperson of edtech platform upGrad, on Wednesday slammed Byju's and its Founder and CEO Byju Raveendran for the company's downfall, saying that "one rotten apple" in the Indian ...
Screwvala has been vocal in criticising Byju’s as the company, once valued at $22 billion, faces severe cash crunch amid regulatory challenges.