MUMBAI: Come Friday, shareholders of Byju’s parent company Think & Learn are expected to gather for a special meeting called by a group of investors to oust the edtech startup‘s board led by founder Byju Raveendran.To oust the three-member board comprising Raveendran, his wife Divya Gokulnath and his brother Riju Ravindran, majority (50% plus one … Read more
Edtech major Think and Learn Pvt Ltd, which operates under the brand name Byju’s, on Friday, February 2, said investors have no voting rights on the CEO or management change as per the shareholder’s agreement. This comes after Byju’s investors such as Prosus called for an Extraordinary General Meeting (EGM) to address issues at the … Read more
A group of BYJU’s investors want the company’s founders to be sacked. Around six investors in Think and Learn Private Limited, which operates under BYJU’s brand, have reportedly called for an extraordinary general meeting to address issues at the edtech major. The agenda includes oust founder Byju Raveendran from having control over the company, sources … Read more
Troubles mount for Byju’s: The company has notified its employees on Saturday about reducing the notice period from 15-60 days to 15-30 days based on seniority levels. For Level 1 to 3 roles (executives, associates, specialists, etc.), the notice period is now 15 days. Higher levels, Level 4 and above, have a 30-day notice period. … Read more