Prosus Joins Investors in Call to Oust Byju’s Management, Board

Prosus NV joined a group of investors to call for a shareholders meeting to replace the management and board of Byju’s, as the struggling Indian ed-tech startup faces insolvency.

The shareholders are seeking a change of leadership at Byju’s parent, Think & Learn Pvt. Ltd., which is led by founder Byju Raveendran, according to a statement on Thursday by a number of major investors that was provided by Prosus.

Byju Raveendran

Photographer: Paul Yeung/Bloomberg

“This EGM notice follows many months of continued efforts by shareholders to engage with the company to address persistent issues relating to corporate governance, mismanagement and compliance,” the ...