Key investor Prosus criticizes Byju’s governance and reporting practices

  • Byju’s investor Prosus expressed disappointment at the edtech giant’s insufficient reporting and governance structures.
  • Prosus director, Russell Dreisenstock, stepped down from Byju’s board unable to fulfil fiduciary duty for stakeholders.
  • Deloitte also quit the startup last month, citing absence of communication about status of audit readiness of financial statements.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications