Working to improve edtech returns: Ervin Tu, interim CEO of Byju’s investor Prosus

Ervin Tu, interim CEO of technology investor Prosus and its South African parent Naspers, said that the firm is working to improve returns on its edtech portfolio. He added that investments in companies such as Byju’s and Stack Overflow, which are struggling, have not affected its overall belief in the sector.

Tu was addressing analysts as part of Prosus’s half-yearly earnings call for FY24, from New Delhi.