Byju’s India CEO Resigns Amid Challenges

Byju's

15 April 2024 Arjun Mohan, CEO of Byju’s India, steps down after seven months in the role, amid the startup’s ongoing financial, legal, and operational challenges.

Byju’s cited a seven-month operational and cost review led by Mohan as the context for his resignation. Mohan will transition to an external advisory role, although the specific reason for his departure was not provided.

Mohan, previously the CEO of edtech upGrad, joined Byju’s in July to lead the international business and took on the India CEO role in September.

The edtech giant has faced multiple setbacks in recent years, including financial difficulties, job cuts, and a significant decline in valuation from $22 billion in 2022 to under $3 billion.

On the same day, Byju’s announced shareholder approval for its rights issue, addressing previous funding challenges that led to salary payment delays.

Byju’s plans to consolidate into three divisions: its flagship online learning app business, online classes and tuition centers, and test preparation. Each division will have a separate leader.

The restructuring will not affect Byju’s international operations, as it is focused on product-specific divisions rather than geographical regions.

Byju Raveendran, the founder and CEO, will take a more hands-on approach in daily operations, shifting from his recent focus on fundraising and global expansion efforts.


Conclusion

Arjun Mohan’s resignation and Byju’s restructuring reflect ongoing efforts to navigate challenges and revitalize the company’s operations amid a shifting edtech landscape.

Source: Link