Skip to main content

Posts

Showing posts with the label investor

Byju's in power struggle as investors fight to oust founder

Tensions Flare Between Byju's and Investors: Governance, Finances, and Leadership in Dispute Byju's, once India's most valuable startup, finds itself embroiled in a public dispute with some of its biggest investors. The disagreement centers around governance, financial management, and leadership. Investors, including Prosus, General Atlantic, and Chan Zuckerberg Initiative, have expressed concerns about outstanding governance issues, financial mismanagement, and compliance problems. Additionally, they seek a change in leadership structure and board composition. This move marks their **third attempt** to call for an Extraordinary General Meeting (EGM) to address these concerns. Byju's, on the other hand, asserts that their shareholder agreement doesn't grant investors the right to vote on leadership changes. They also emphasize their efforts to resolve the situation, including forming a working group with investors and implementing business restructuring measures. Ad...