Byjus seeks to calm investors as crisis escalates

Byju’s founder, Byju Raveendran, assured investors that the Indian edtech firm would finally release its long-delayed financials and strengthen accounting processes after losing its auditor and three board members in one week. Raveendran acknowledged his failure in installing processes that could have helped close the accounts on time and added the company's systems are being improved with the help of a newly-appointed finance chief and general counsel. https://ift.tt/uWLN87I