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Why Late-stage Activism May Not Save Byju s

Byju’s is set to go down as the most spectacular corporate flameout. Little more than a year ago, India boasted five decacorns, an elite group of only 47 start-ups around the world valued at US$10bn (billion). Of these, the most valuable Indian decacorn was Byju’s.

Byju\u2019s founder says he continues to be CEO, only 45 pc shareholders voted against him

A day after shareholders voted to oust Think & Learn Pvt Ltd (the parent company of Byju\u2019s) founders from the board and key positions, founder and CEO Byju Raveendran said he \u201ccontinues to remain the CEO, the management remains unchanged and the board remains the same\u201d. In a letter to the employees, Raveendran said the claims made by a small group of select minority shareholders that they have unanimously

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