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IndianStartupNews
| 2m'I took Byju's from 0 to $22 billion': Byjus CEO in his letter to shareholders; Read the full letter
Byju's CEO Byju Raveendran has made several promises and announced measures to restore investor confidence. These include enhancing transparency, increasing shareholder representation on the board, and restructuring the company's governance. Raveendran also stressed the importance of shareholder participation in a rights issue and pledged to appoint a third-party agency to monitor the usage of funds raised. In a letter to shareholders, he emphasized the need for unity and collaboration, expressing confidence in the company's resilience and future potential. Raveendran also mentioned the launch of Byju's Wiz, an AI-powered study companion tool.
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