BYJU’S Chief Business Officer Pratyusha Aggarwal resigns: company is doing redesign, re-structuring of two senior executives.
Country’s largest education-technology company (EdTech) Byju’s Chief Business Officer Pratyusha Agarwal has resigned. Apart from Pratyusha, two senior executives of the company have also redesigned. This information was given by a spokesperson of the company on Tuesday (August 29).
Pratyusha joined Byju in February 2022
The spokesperson added that two business heads – Himanshu Bajaj and Mukut Deepak – have also left the company. Indian ed-tech startup Byju’s, which has been struggling for some time, is re-structuring its business and operations. Pratyusha Aggarwal had joined Byju’s in February 2022 from Zee Entertainment Enterprises.
We have restructured the business and vertical: Spokesperson
The spokesperson said, “Byju’s is charting its path to profitability and sustainable growth.” We have restructured the business and the vertical. Which includes consolidation of four verticals into two key verticals – K-10 and Exam Preparation. Byju’s has fired thousands of employees this year. Because, this company is facing many legal and financial problems.
Two months ago, due to differences with Byju’s founder Byju Raveendran on some issues, some important board members had resigned. Those who resigned included GV Ravi Shankar, Vivian Wu and Russell Dressenstock. Ravi Shankar was the representative of Sequoia Capital.
Earlier on May 5, Byju’s Senior Director of Brand and Creative Strategy Adityan Kayalakal had resigned. Riju Ravindran, Byju Ravindran and Divya Gokulnath are left on the board of BYJU’S. Divya is the wife of Byju Raveendran.
Differences on deal with investors
According to a source associated with the company’s shareholders, since last year, differences have been going on between the founder and the board members of the company. The board members are not happy with the way the company is being run. In particular, the approach of Byju’s in its interactions with the management of investee companies is at the heart of the controversy. Byju’s doesn’t listen to board members and investors.
