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.
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