Byju’s Evolution: Raveendran’s Vision Unfolds
Big news in the world of education! Arjun Mohan, who was the CEO of Think and Learn’s Indian operations, has stepped down from his role. But guess who’s back? Byju Raveendran, the founder himself, is taking over the reins after almost four years. This shake-up means some changes are on the way for the company.
Byju’s is going through a makeover. They’re streamlining their operations into three main parts, and Raveendran will be more hands-on in running things. Before this, he was busy with the big-picture stuff like getting money and making the company grow worldwide.
Arjun Mohan, who joined Byju’s last year, did some restructuring during his time. But it also meant some people lost their jobs. Now, with Mohan leaving, Raveendran will be looking after the day-to-day stuff.
The company will now focus on three things: The Learning App, Online Classes, and Tuition Centers, and Test-prep. Each part will have its own leader to make sure things run smoothly and profitably.
Byju’s was once valued at a whopping $22 billion, but things changed, especially after Covid-19. Now, they’re making changes to adapt to the new normal.
Think and Learn, the company behind Byju’s, also had some big decisions. They got approval to increase their authorized share capital by $200 million. This will help them grow even more.
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So, what’s next for Byju’s? With Raveendran back in the driver’s seat and some big changes happening, we’ll have to wait and see how things unfold. But one thing’s for sure: Education is always evolving, and Byju’s is ready to stay ahead of the curve.
Q&A
Q: Why did Arjun Mohan resign from his position as CEO of Think and Learn?
A: Arjun Mohan decided to step down from his role as CEO of Think and Learn’s Indian operations to pursue other opportunities.
Q: Who will be taking over as the CEO of Think and Learn after Arjun Mohan’s resignation?
A: Founder Byju Raveendran will be returning to lead the company after a gap of nearly four years.
Q: What changes are happening within Byju’s following Arjun Mohan’s resignation?
A: Byju’s is consolidating its operations into three main verticals: The Learning App, Online Classes and Tuition Centers, and Test-prep. Founder Byju Raveendran will also take on a more hands-on role in the company’s day-to-day operations.
Q: How has Byju’s valuation been affected recently?
A: Byju’s, once valued at $22 billion, has seen a decrease in its valuation, particularly after the easing of Covid-19 restrictions.
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Q: What decision was made by Think and Learn regarding its share capital?
A: Think and Learn received approval to increase its authorized share capital by $200 million, which will help the company in its growth endeavors.
