Key Points
From layoffs, to board members resigning, to the big question about the eventual viability of the company, BYJU's hasn't had an easy run..
Arjun Mohan, the ex-CEO of BYJU's, talking recently in a podcast, shed light on some of the critical issues that led to the firm's downturn..
"One of the biggest things which acted as negative to BYJU's was three of his investor directors resigning on one day," Mohan recalled, marking it as a pivotal moment in the company's unraveling...
In July last year, the edtech firm -- which at one point had a valuation of over $10 billion, and has, subsequently, seen its valuation erode -- received a major setback when three prominent board members resigned due to differences with founder Byju Raveendran over key operational issues..
"When Zomato was going for IPO, the founder mentioned that because India InfoEdge was an investor in their company, the governance practices of Zomato were like a public market company," he said, illustrating the positive impact of stringent governance standards on a company's success..
