ZoomyBurrito
ZoomyBurrito

What’s happening at byjus

So confusing ?? Govt seems after promoter

5mo ago
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Indian Startups
by MagicalHamsterStealth

This is major - Prosus just publically said that BYJU's had improper governance and failed to improve despite their recommendations

"BYJU’S grew considerably since our first investment in 2018, but, over time, its reporting and governance structures did not evolve sufficiently for a company of that scale. Despite repeated efforts from our Director, executive leadersh...

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Largest shareholder saying this publicly, I wonder if there is any way of recovering from this point