Business
Byju’s founder Raveendran to take over firm’s daily operations after CEO Mohan’s resignation – Times of India
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NEW DELHI: Byju Raveendran, the founder of Think and Learn, the edtech company that owns the Byju’s brand, will assume control of the company’s daily operations following the departure of CEO Arjun Mohan, as announced by the company on Monday. The company has revealed a significant restructuring of its business, consolidating its operations into three focused divisions: The learning app, online classes and tuition centres, and test-prep.
“The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing BYJU’S India CEO Arjun Mohan.
This new phase will also see Byju Raveendran taking a more hands-on approach in spearheading the daily operations of the company,” the company said.
Mohan will transition into an external advisory role, offering his extensive edTech expertise to the company and its founders during this transformative period. Over the past four years, Raveendran had primarily focused on strategic aspects such as raising capital and driving global expansion.
“With this new organisational structure and with the return of Byju Raveendran as the operational leader, BYJU’S is now well-positioned to begin its next chapter of innovation-led growth by launching at scale its new suite of AI-first products that have already received an overwhelmingly positive feedback in the pilot phase,” the statement said.
(With inputs from agencies)
“The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing BYJU’S India CEO Arjun Mohan.
This new phase will also see Byju Raveendran taking a more hands-on approach in spearheading the daily operations of the company,” the company said.
Mohan will transition into an external advisory role, offering his extensive edTech expertise to the company and its founders during this transformative period. Over the past four years, Raveendran had primarily focused on strategic aspects such as raising capital and driving global expansion.
“With this new organisational structure and with the return of Byju Raveendran as the operational leader, BYJU’S is now well-positioned to begin its next chapter of innovation-led growth by launching at scale its new suite of AI-first products that have already received an overwhelmingly positive feedback in the pilot phase,” the statement said.
(With inputs from agencies)
