Investors want Byju out of Byju's, revamp of board

Prominent stakeholders in the educational technology startup Byju's are advocating for a change in leadership, expressing discontent with the current CEO and founder Byju Raveendran. The company's valuation has sharply declined from $22 billion to $250 million within a span of less than two years. In a notable development, a faction of the primary investors has formally requested an extraordinary general meeting (EGM) for Think & Learn (T&L), Byju's parent company, to discuss the restructuring of the board and a shift in the company's leadership.