Shareholders Demand Byju Raveendran to Step Down

Published On: July 06, 2023 - BYJU'S, a leading edtech company, is currently facing challenges that have affected its founder and CEO, Byju Raveendran. During an extraordinary general meeting (EGM) held on Tuesday (July 4), investors raised concerns about the startup's ongoing troubles and requested the disclosure of pro-forma financials. The purpose of the EGM was to update shareholders on recent changes to the company's auditor and planned business restructuring, according to a source close to the BYJU'S CEO. Some investors at the meeting reportedly called for Raveendran's removal in order to appoint a new interim CEO.