Business Standard

Amid chaos at Byju's, what is the other side of startup ethics debate?

The goings on at Byju's and some other startups raise questions of not only governance but also the board's role

Byju
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Byju Raveendran, CEO, Byju’s

Ruchika ChitravanshiShivani Shinde New Delhi/Mumbai
In June, Byju’s, the world’s most valued education-technology startup, encountered an out-of-syllabus problem. Russell Dreisenstock of Prosus, G V Shankar of Peak XV Partners, and Vivian Wu of Chan Zuckerberg Initiative resigned from its board of directors.

It took about a month — the gap should tell a story of its own — for the reason to come out. Prosus, one of the earliest and largest investors in Byju’s, said the edtech firm’s executive leadership “regularly disregarded advice and recommendations relating to strategic, operational, legal, and corporate governance matters” despite repeated efforts.
 
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