‘Founder, investors responsible for Byju’s crisis’

BENGALURU: One rotten apple in India does not darken the cloud, said edtech firm UpGrad founder Ronnie Screwvala, hinting at Byju’s. According to him, this should not affect the entire edtech sector in the country.

He said at an event in Gurugram on Wednesday, “It is a joint accountability of the founder and 51 investors, who felt it was more important in a board meeting to ask, ‘When’s your next secondary?’ versus ‘I don’t see a CFO’ and so that one single aspect I don’t think is going to hold the whole education sector to ransom.”