Byju’s Announces Business Restructuring Plan
Byju's, the leading Indian edtech startup valued at $22 billion, has announced a significant restructuring plan that includes the departure of three senior executives. Mukut Deepak, who oversaw the classes 4-10 segment, Himanshu Bajaj, responsible for tuition centers, and Prathyusha Agarwal, the Chief Business Officer, are all leaving the company as part of this organizational shift.
The restructuring aims to streamline Byju's operations and verticals, resulting in the consolidation of four verticals into two main categories: K-10 and Exam Prep. This strategic move comes at a pivotal time for Byju's, as the company seeks to secure fresh financing and rebuild the confidence of its stakeholders. The edtech firm is also revisiting its agreements with lenders and investors to ensure alignm...