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The founders aimed to change the narrative around edtech, shifting it away from being seen as a 'predatory space' to highlighting its positive aspects, according to a founder.
Screwvala also said that investors and board members now need to exercise their fiduciary responsibility, ask the right questions and protect their investments.
Investors have 30 days to decide if they want to participate. The steep discount means those who do not participate will face massive erosion of their shareholding.
Byju's subsidiaries Whitehat Jr and OSMO were the most underperforming assets in FY22, accounting for almost 45 percent of the total losses of edtech firm.
India Business News: The government launched the MedTech Mitra platform to empower India's MedTech innovators and reduce dependence on imported medical devices. Health Min