<p>Bengaluru: Indian education technology company BYJU'S will restructure its business into three divisions, with founder and CEO Byju Raveendran taking a more active role in day-to-day operations, the embattled startup said on Monday.</p><p>BYJU'S, once one of India's hottest startups, has suffered numerous setbacks in the past few years, leading to a crisis of investor confidence, thousands of job cuts and its valuation nosediving to under $3 billion, from $22 billion in 2022.</p>.Byju's founder Raveendran to take over firm's daily operations after CEO Mohan's resignation.<p>BYJU'S will now consolidate into three divisions -- its marquee online learning app business, online classes and tuition centers and lastly, test preparation -- with each having a separate head, the company said.</p><p>This comes after a seven-month operational and costs review led by India CEO Arjun Mohan, who will step down and transition to an external advisory role, the company said, without providing a reason for the move.</p><p>Mohan, former CEO of edtech upGrad, joined BYJU'S last July to lead the international business and was made India CEO in September.</p><p>BYJU'S, which operates in 21 countries as per its LinkedIn page, said the restructuring would not impact its international businesses, since it was product, not geography, specific.</p><p>The company said Reveendran will take on a more "hands-on" approach in daily operations, compared with his recent focus on aspects such as raising capital and global expansion.</p><p>In February, a group of investors including Prosus and Peak XV voted to oust Raveendran due to governance, financial mismanagement and compliance issues. BYJU'S had called the move invalid.</p>
<p>Bengaluru: Indian education technology company BYJU'S will restructure its business into three divisions, with founder and CEO Byju Raveendran taking a more active role in day-to-day operations, the embattled startup said on Monday.</p><p>BYJU'S, once one of India's hottest startups, has suffered numerous setbacks in the past few years, leading to a crisis of investor confidence, thousands of job cuts and its valuation nosediving to under $3 billion, from $22 billion in 2022.</p>.Byju's founder Raveendran to take over firm's daily operations after CEO Mohan's resignation.<p>BYJU'S will now consolidate into three divisions -- its marquee online learning app business, online classes and tuition centers and lastly, test preparation -- with each having a separate head, the company said.</p><p>This comes after a seven-month operational and costs review led by India CEO Arjun Mohan, who will step down and transition to an external advisory role, the company said, without providing a reason for the move.</p><p>Mohan, former CEO of edtech upGrad, joined BYJU'S last July to lead the international business and was made India CEO in September.</p><p>BYJU'S, which operates in 21 countries as per its LinkedIn page, said the restructuring would not impact its international businesses, since it was product, not geography, specific.</p><p>The company said Reveendran will take on a more "hands-on" approach in daily operations, compared with his recent focus on aspects such as raising capital and global expansion.</p><p>In February, a group of investors including Prosus and Peak XV voted to oust Raveendran due to governance, financial mismanagement and compliance issues. BYJU'S had called the move invalid.</p>