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Byju’s India CEO Arjun Mohan resigns, founder Raveendran to return to helm daily ops
Economic Times
·
1y ago
Medial
Arjun Mohan, CEO for Byju's India, is stepping down from his role after just six months. This comes as the edtech firm faces challenges with investors and a deepening crisis. Byju Raveendran, the founder, will now take control of the company's daily operations. Mohan led the clean-up of the company's workforce and was involved in the restructuring, but the firm still faces financial issues, including pending salaries for employees. Raveendran plans to consolidate the India business into three divisions: App & AI, test preparation, and tuition centers.
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Byju's India CEO Arjun Mohan resigns, Know the reason
IndianStartupNews
·
1y ago
Medial
Arjun Mohan has stepped down as the CEO of Byju’s India after just six months, coinciding with the company's financial struggles. Founder Byju Raveendran will resume control of day-to-day operations. Byju’s will undergo a reorganisation, focusing on three core divisions: The Learning App, Online Classes and Tuition Centres, and Test-prep. The company has faced financial difficulties, leading to layoffs. Raveendran plans to streamline operations and introduce AI-first products as part of Byju’s 3.0 vision for the future. Despite his resignation as CEO, Mohan will continue to advise the company.
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Byju’s India CEO Arjun Mohan quits amid fresh restructuring
The Arc Web
·
1y ago
Medial
The CEO of edtech company Byju's India, Arjun Mohan, has resigned, indicating potential trouble at the company. Byju's founder, Byju Raveendran, is expected to take over day-to-day operations, while Mohan will continue to serve as an advisor. Byju's is also undergoing a restructuring called Byju's 3.0, which will focus on three areas: the learning app, online classes and tuition centers, and test preparation. The decision to replace Mohan with Mohit was part of an effort to change the company's sales culture. Byju's is currently facing challenges in raising funds and has experienced delays in payments.
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Byju’s India CEO Arjun Mohan quits amid fresh restructuring
The Arc Web
·
1y ago
Medial
Byju's India CEO Arjun Mohan has resigned, leading to further restructuring at the edtech company. Founder Byju Raveendran will now handle day-to-day operations, while Mohan will serve as an advisor. Byju's is also undergoing a restructuring called Byju's 3.0, with a focus on three areas: The Learning App, Online Classes & Tuition Centres, and Test preparation. Mohan, who previously worked at Upgrad, rejoined Byju's in 2023 to reshape the international business. His appointment was aimed at changing the company's sales culture and reducing costs, including laying off over 5,000 employees. Byju's is also facing challenges with raising funds from investors.
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How Byju’s new India CEO Arjun Mohan is cleaning up the operational mess at the edtech giant
Business Today
·
1y ago
Medial
Byju's, the edtech company, has appointed Arjun Mohan as the CEO of its India operations. The appointment comes amid governance issues, funding shortage, and a decline in collections faced by the company. Mohan, a former student of Byju Raveendran, the Founder, has taken charge of operations and is focusing on restructuring and cultural change. He aims to shift the company to be more customer-centric and streamline operations, including reducing costs and improving revenue collection. The company plans to achieve operational breakeven by the end of this financial year.
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Former UpGrad CEO Arjun Mohan returns to Byju’s
Economic Times
·
2y ago
Medial
Arjun Mohan, the CEO of upGrad, a prominent Indian edtech startup, is returning to BYJU'S as the International Business Head. Mohan had joined upGrad in 2019 and played a significant role in the company's growth. His return to BYJU'S indicates the company's focus on expanding its international presence and strengthening its position in the global edtech market.
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Byju’s India CEO Arjun Mohan resigns as edtech firm splits biz into three divisions
Entrackr
·
1y ago
Medial
Arjun Mohan, the chief executive officer of Byju’s India operations, has stepped down from his position seven months after joining the edtech firm. His departure is part of the company’s efforts to restructure and streamline its businesses. In September 2023, Byju’s announced the appointment of Mohan as the CEO of India operations. He succeeded Mrinal Mohit then. Mohan, the former CEO of upGrad, had over a decade-old stint at Byju’s and was also the chief business officer at the Bengaluru-based firm between 2019 and 2020. Mohan will now transition to an external advisory role, lending his deep edtech expertise to the company and its founders during this transformation phase, the company said in a press release. As mentioned above, Byju’s has also announced a major reorganization of its businesses with an objective to streamline its operations and position the company. As part of this strategic shift, Byju’s is consolidating its businesses into three key divisions – The Learning App, Online Classes & Tuition Centres, and Test-prep. As per Byju’s, this new structure will enable each vertical to be nimbler, cost-efficient, and better equipped to capitalize on market opportunities while leveraging the power of its brand and ecosystem. Also, each of these units will have separate leaders who will independently run the businesses. “This reorganization marks the start of BYJU’S 3.0 – a leaner and more agile organization ready to quickly adapt to evolving market dynamics, especially in the realm of hyper-personalized education,” said Byju Raveendran, founder and group CEO, in a statement. The new phase will also see Raveendran returning as the operational leader as he takes over the company’s day-to-day functioning. Over the past four years, he had focused primarily on strategic aspects such as raising capital and driving global expansion. This is the second big transition at Byju’s group of companies in the past week. Recently, Aakash Educational Services, owned by Byju’s, appointed Deepak Mehrotra as its managing director and chief executive officer. However, the two companies are running independently as separate entities under the Think and Learn brand.
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Byju's India CEO Arjun Mohan steps down
Livemint
·
1y ago
Medial
Byju's India CEO, Arjun Mohan, has resigned from his position amid the company's struggles to address outstanding debt and other financial issues. Byju Raveendran, the company's founder, will take over the leadership role. Byju's plans to restructure its business into three segments: the learning app, the tuition-centre business, and the test prep vertical. The company is facing legal battles with investors over alleged financial mismanagement and governance issues, causing its valuation to plummet. Byju's has delayed salary payments, laid off employees, and vacated offices nationwide to cut costs.
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CXO-level shifts rearrange top deck at Indian startups
Economic Times
·
1y ago
Medial
In the first half of 2024, several top-level movements were seen in various companies. Naveen Tahilyani became the CEO of Tata Digital, replacing Pratik Pal. Surinder Chawla stepped down as the MD and CEO of Paytm Payments Bank, while Rakesh Singh took over as the CEO of Paytm Money. Ritesh Pai joined PhonePe as the CEO of its international business. In the edtech sector, Arjun Mohan left Byju's India and Byju Raveendran took charge of the company's India operations. Himanshu Bajaj also left Byju's to join Alvarez & Marsal.
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upGrad’s KnowledgeHut CEO Subramanyam Reddy quits
Entrackr
·
1y ago
Medial
Subramanyam Reddy, the founder and CEO of Knowledgehut, has resigned from his position after 13 years with the company. Knowledgehut is an edtech company owned by upGrad and provides training courses to individuals and corporations. Reddy's departure follows the acquisition of Knowledgehut by upGrad and the departure of another co-founder. upGrad recently achieved unicorn status and has seen a number of high-profile exits, including its CEO, Arjun Mohan.
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WhiteHat Jr CEO Ananya Tripathi resigns, in another top level exit at Byju's
Money Control
·
1y 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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