Byju’s Raveendran proposes share offer olive branch to warring investors

[ NEW DELHI: Byju Raveendran, the founder of the troubled edtech giant Byju’s, has reached out to disgruntled investors in a bid to reconcile, announcing a board consideration of an offer on renounced shares. This move aims to address investor concerns over dilution of their stakes following a rights issue that significantly reduced the Indian … Read more

Paytm’s Vijay Shekhar Sharma steps down from payments bank board |

[ NEW DELHI: Paytm founder Vijay Shekhar Sharma has resigned as the non-executive chairman and board member of Paytm Payments Bank Ltd (PPBL), the company said on Monday, as it faces regulatory hurdles from the Reserve Bank of India (RBI).Sharma’s decision comes after the RBI asked PPBL to stop further deposits, credit transactions, or top-ups … Read more

Investors Seek Revamp of Byju’s Board, Want CEO Byju Raveendran Out | India Business News

[ MUMBAI: Major investors of edtech startup Byju’s do not want founder & CEO Byju Raveendran to be in charge of the company, which has seen its valuation nosedive from $22 billion to $250 million in less than two years.In a dramatic turn of events, a section of the firm’s major investors have issued a … Read more

Binny Bansal exits Flipkart board amid new startup launch

[ MUMBAI: Binny Bansal has stepped down from the board of Flipkart, officially ending his association with the internet firm he had co-founded with fellow IIT Delhi alumnus Sachin Bansal in 2007. Flipkart which made its foray into the then-nascent local e-tail market with the launch of an online bookstore went on to become an … Read more

Meta’s Sheryl Sandberg to leave board after 12 years

[ Meta Platforms Inc director and former chief operating officer Sheryl Sandberg said she will step down from the board this year, exiting her last official role at the social media company she helped grow from a promising internet startup into a digital-advertising stalwart.“With a heart filled with gratitude and a mind filled with memories, … Read more