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News on Medial
Byju's group general counsel Roshan Thomas resigns amid a series of top-level exits
Money Control
·
1y ago
Medial
Roshan Thomas has resigned from his position as Group General Counsel at Byju's, adding to a string of senior-level departures from the edtech company. Various factors led to his decision to leave after over two years with the company. Byju's has faced challenges including accounting irregularities, alleged mis-selling of courses, and mass layoffs in recent times. The company has also seen the departure of its CEO, CFO, CTO, and CBO, as well as board members.
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No respite for Byju's as startup sees another top-level management exit
VCCircle
·
1y ago
Medial
The edtech startup, Byju's, continues to face challenges with yet another top-level management exit. The company has been dealing with a series of issues such as resignations, alleged governance lapses, regulatory compliance, and investor pull-outs. Roshan Thomas has now resigned, adding to the list of departures from the company. Byju's will begin 2024 on a challenging note as it struggles to address these ongoing problems.
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Unacademy general counsel steps down, rejoins law firm
VCCircle
·
1y ago
Medial
Unacademy's general counsel, Siddharth Manchanda, has left his position and rejoined full-service law firm IndusLaw. This move comes shortly after the group general counsel of Unacademy's competitor, Byju's, also stepped down. Unacademy is a popular edtech startup with notable investors including SoftBank, Sequoia Capital, and Tiger Global Management.
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WhiteHat Jr CEO Ananya Tripathi resigns, in another top level exit at Byju's
Money Control
·
2y ago
Medial
Ananya Tripathi, CEO of WhiteHat Jr, a subsidiary of Byju's, has resigned from her position. Tripathi, who has been on maternity leave, has decided to move on. Byju's has not yet formally accepted her resignation and is attempting to convince her to stay. Arjun Mohan, who is leading Byju's international operations, has been supporting the team in Tripathi's absence. Tripathi's departure follows other senior-level exits from Byju's and comes as the company faces various challenges, including disagreements with investors and operational issues.
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Freshworks sees churn in top level as HR, marketing chiefs call it quits
Money Control
·
2y ago
Medial
Several top-level executives, including the HR and marketing chiefs, have left Freshworks, a leading software-as-a-service (SaaS) company. The departures come amid a series of exits from the company's leadership team. While Freshworks continues to expand globally and gain recognition, the recent churn in its top management has raised questions about its future strategic direction and stability.
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Byju’s CFO quits and rejoins Vedanta to oversee restructuring
Economic Times
·
1y ago
Medial
Byju's Chief Financial Officer (CFO) Ajay Goel has left the company after about six months and returned to Vedanta, which is restructuring its businesses. Nitin Golani, the current president (finance) at Byju's, will take on additional responsibilities as India Chief Finance Officer. Goel's departure comes as Byju's is yet to furnish its audited FY22 results, which have been delayed and are a key concern for investors and lenders. Byju's has seen several top-level exits recently and is looking to sell group assets to clear its $1.2 billion term loan.
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OpenAI's lead safety researcher Lilian Weng resigns after 7 years
Inshorts
·
9m ago
Medial
OpenAI's VP of Research and Safety Lilian Weng has resigned after working at the AI startup for nearly seven years. "I learned so much and now I'm ready for a reset and something new," she stated. The ChatGPT maker has seen a series of senior-level exits recently, including that of CTO Mira Murati and Chief Research Officer Bob McGrew.
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Byju’s, Pharmeasy among biggest underperformers in Prosus' India portfolio in H1
Money Control
·
1y ago
Medial
Edtech firm Byju's and health-tech company Pharmaeasy are the biggest underperformers in Prosus's India portfolio, according to the technology investor's financial report for H1 FY24. Byju's recorded a negative internal rate of return (IRR) of 24 percent, while Pharmaeasy gave negative returns of 41 percent. This comes as Byju's faces challenges such as a liquidity crisis and top-level exits, leading to a valuation markdown. However, Prosus earned profitable returns from other Indian firms in its portfolio.
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Peak XV’s Chief Product Officer Anuj Sahai resigns
Entrackr
·
25d ago
Medial
Peak XV’s Chief Product Officer Anuj Sahai resigns Anuj Sahai, Chief Product Officer at Peak XV Partners, has stepped down from his role, adding to a string of recent top-level departures at the venture capital firm. In a LinkedIn post, Sahai announced his exit, saying, “After an eventful run as Chief Product Officer at PeakXV, I’m turning the page and looking forward to the next adventure. The role gave me a front-row seat to the startup ecosystem—partnering with founders and ideas that are shaping markets—and hands-on experience with AI technologies. Huge thanks to Peak XV Partners for the opportunity!” Sahai had joined Peak XV (formerly Sequoia Capital India & Southeast Asia) in 2023 after building a career leading product and monetization strategies at companies like Flipkart, Ola, Payback, and Yahoo!. Peak XV Partners has witnessed a series of high-level departures in recent months. In February 2025, managing partners Shailesh Lakhani and Abheek Anand resigned after long stints at the firm, followed by investor Shraeyansh Thakur’s exit in March after nearly a decade. These exits add to an earlier wave of senior-level churn, including the departures of Piyush Gupta, Anandamoy Roychowdhary, and others.
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Nisaba Godrej resigns as independent director from the board of VIP Industries
Livemint
·
1y ago
Medial
Nisaba Godrej has resigned as an independent director from the board of VIP Industries due to differences in succession planning with founder-chair Dilip Piramal. Radhika Piramal, Dilip's daughter and VIP's London-based vice-chairperson, has expressed reluctance to continue running the business, prompting the family to consider selling its stake. Godrej's resignation comes as VIP Industries faces tough competition from Samsonite and cheaper Chinese manufacturers. The company has also seen top-level exits and a decline in profit. VIP Industries' CEO, Neetu Kashiramka, has outlined strategies to revive the company's fortunes.
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Ola Electric shares slide 5% after CTO and CMO resign amid leadership exodus
Economic Times
·
8m ago
Medial
Ola Electric's shares fell 4.6% after the resignations of two senior executives, CTO Suvonil Chatterjee and CMO Anshul Khandelwal, amid a wider leadership exodus. Both joined Ola Cabs before moving to Ola Electric. Their departures follow recent top-level exits and layoffs affecting 300-400 employees across various departments. Despite citing personal reasons for their resignations, this turnover signals challenges for Ola Electric, which also faces declining market share and increased customer complaints.
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