Some investors want Byju Raveendran out of the company, yes, but others want to give him more money!
I have seen Byjus and the current management to literally Lie like anything. And the first principle to respond to any rumor in media was to clearly say “NO thats not true” or just lie “we are looking at it”.
If there is one thing that i know about Byju is - If he is saying 47% investors want him out then its a Lie, if he says 47% it’s definitely 67% or more, the remaining equity is with his family and ranjan.
That's definitely a possibility. We'll know soon enough when there's more concrete info about the rights issue.
I hear tales about how at their peak, BYJU's used to deal with investors. They would not share financials. If you wanted to invest, they'd ask you to come down to office, and only for that time, see whatever you want to see.
Investors...
With ED issuing lookout notice for the founder, is this how Byju's will go down?? Things have not been looking up for the decacorn startup since last year, but with rights issue being fully subscribed, there was hope that things might ta...
