By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Byju’s Shakes Up Leadership Amidst Financial Turmoil
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
Edutech

Byju’s Shakes Up Leadership Amidst Financial Turmoil

Rary Maharani
Last updated: April 19, 2024 12:14 am
Rary Maharani
Share
1 Min Read
SHARE
  • Byju’s co-founder takes over daily operations.
  • The company is restructuring into three divisions.
  • Investors are pushing for the removal of both co-founders from leadership roles.

Contents
Streamlining for successInvestors demand change

Byju Raveendran, co-founder of edtech giant Byju’s, is taking over the day-to-day operations from India CEO Arjun Mohan.

After a seven-month review of Byju’s operations and cost optimization exercises, Mohan will transition to an external advisory role.

Streamlining for success

The company is consolidating its businesses into three divisions: the learning app, testprep services, and online classes and tuition center operations.

Each vertical will operate independently under its own leadership, enabling them to be nimbler, cost-efficient, and better equipped to capitalize on market opportunities.

Investors demand change

Raveendran’s move to take charge of daily operations has been met with resistance from investors who are pushing for the removal of both him and his wife, Divya Gokulnath, from leadership roles.

Byju’s has been facing severe financial challenges, including a steep valuation cut from US$22 billion to US$1 billion, struggles to raise funds, disburse salaries, and pay off debt.

To read the original article: https://www.techinasia.com/byjus-india-ceo-steps-cofounder-raveendran-takes-charge

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article OpenAI Enhances ChatGPT with Improved GPT-4 Turbo Model
Next Article Embrace the Struggle, Live in the Present, and Let Go of Control: Sahil Bloom’s Inspirational Quotes

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
11 + 2 =

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

Proptech

HDB’s New Property Listing Portal, A Game Changer for Singapore’s Housing Market?

May 23, 2024
AISaaSSocial Media

This Week in Tech: AI Hiccups, Data Breaches, and Social Media Shake-ups

July 12, 2024
AIDeep Tech

AI Researcher Warns of 99.9% Chance of Human Extinction by AI

June 7, 2024
Startups

Discover local events through a Tiktok-like experience?

October 7, 2024
SaaS

McEasy Extends Series A Funding to $11M with Granite Asia’s Investment

June 10, 2024
CreatorsStrategy

Sahil Bloom Teaches Us to Illuminate the Cracks Like Kintsugi

March 8, 2024
Proptech

PropertyGuru Goes Private in $1.1B EQT Buyout

August 21, 2024
Social Media

TikTok’s Fate Hangs in the Balance, US Senate Passes Potential Ban

April 26, 2024
AI

Kore.ai Secures $150 Million for Conversational AI Growth

February 12, 2024
Crypto & Web3

Grab Expands Crypto Integration with Triple A Partnership

March 21, 2024
Deep Tech

Nvidia CEO Envisions Robots as the Next AI Frontier

June 10, 2024

Malaysia Aims to Crack Top 20 Global Startup Ecosystems by 2030

September 2, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?