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'Finally...': upGrad founder reacts as shareholders ask Byju to step down

Livemint · 1y

Ronnie Screwvala, co-founder of upGrad, has shown support for the push to remove Byju's founders, including Byju Raveendran, as shareholders call for a change in management and the reconstitution of the company's board. Screwvala hopes that this move will benefit India as an investment destination and safeguard the credibility of the ed-tech sector. Byju's, which was valued at $22 billion, has reported widening losses and faced controversies surrounding its financial statements and governance issues.