Byju’s founder floats share offer to make peace with estranged investors

This post is by Manish Singh from TechCrunch

Byju Raveendran, the founder of embattling edtech group Byju’s, has made a last-ditch attempt to placate the Indian startup’s disgruntled investors, informing them that the board is weighing an offer of renounced shares to prevent dilution of their holdings ahead of validating a recent rights issue that cuts its valuation by 99%. In an email […] © 2024 TechCrunch. All rights reserved. For personal use only.