Byju’s shareholders vote to remove CEO Raveendran, family; company calls vote invalid

NEW DELHI: More than 60 percent of shareholders of edutech Byju’s on Friday voted for the removal of founder CEO Byju Raveendran and his family over alleged “mismanagement and failures” at what was once India’s hottest tech startup, but the company dug in its heels, calling the voting done in the absence of founders as “invalid.”

Prosus, one of the six investors who had called the extraordinary general meeting (EGM), said in a statement that “shareholders unanimously passed all resolutions put forward for vote.”