Business Bottomline

The Byju's Saga: One Important Lesson This Teacher Forgot To Learn

The vote at Byju’s EGM to remove founder Raveendran from CEO's post signals an escalation in the ongoing dispute regarding the future trajectory of the once-prominent online tutoring platform. It's also a sign that more bitterness lies ahead

The Extraordinary General Meeting (EGM) of Byju’s earlier this week witnessed significant discord and boycotts from its stakeholders, resulting in a vote to remove the company's founder – Byju Raveendran – from the position of chief executive officer. The development, led by two key stakeholders – Prosus NV and Peak XV Partners, signals an escalation in the ongoing dispute regarding the future trajectory of the once-prominent online tutoring platform.

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