News > Byju's Founder addresses board member resignations and company struggles
Byju's Founder addresses board member resignations and company struggles
NDTV Profit | 18/10/2024 11:17 AM | Click to read full article
Raveendran said the Term Loan B is where it started going wrong, apart from the liquidity crunch due to the markets turning. In June 2023, Byju's three directors, representing key investors, confirmed their resignations as the edtech faced lender and regulatory scrutiny. Peak XV Partners' GV Ravishankar, Prosus' Russell Dreisenstock, and Chan Zuckerberg Initiative's Vivian Wu had stepped down from the board of Byju's parent company, Think & Learn Pvt.