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In 50 Words: Byju’s stakeholders demand founder’s exit
Byju’s stakeholders asked for founder Byju Raveendran’s temporary departure and demanded clarity on fund usage from the US$1.2 billion raised in 2021, during an emergency meeting on Tuesday. This follows the exit of an auditor and three non-executive directors, delayed financials, and US lawsuits, creating uncertainties over finances for FY2022 and FY2023.
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