Edtech firm Byju's has asked about its14,000 employees to work from home as it vacated all its offices except the headquarters in Bengaluru amid a cash crunch.
Amidst growing trouble in the edtech firm Byju's, the company's CEO Byju Raveendran told employees that he continues to remain the chief executive officer of the company.
The fate of Byju Raveendran, founder and CEO of ed-tech giant Byju's, hangs in the balance as an extraordinary general meeting (EGM) of its investors is scheduled to take place today.
Major Byju's shareholders including Prosus NV and Peak XV Partners voted Friday to oust its founder as chief executive officer, escalating a battle over the fate of the once high-flying online tutoring startup that is fighting to remain in business.