Byju's Expands Global Presence With Appointment Of Arjun Mohan As CEO For International Business

Edtech giant Byju's has appointed Arjun Mohan, the former chief executive officer of upGrad, as the CEO for its international business. This strategic move by Byju's aims to further expand its global footprint and drive growth in overseas markets.

Mrinal Mohit will continue to lead the India business, and Byju Raveendran will remain the group CEO, PTI reported.

Mohan was as Chief Business Officer at Byju's for 11 years before joining Ronnie Screwvala-awarded upGrad as its India CEO.

He left upGrad in December of the previous year. Byju's has users in around 100 countries and operates in the US, Canada, Mexico, Australia, the UK, Brazil, and the Middle East, according to the company website.

It is the owner of the US-based reading platform Epic and the online learning platform Tynker, which were bought for USD 500 million and USD 200 million, respectively. Byju has also purchased companies abroad, including Singapore's Great Learning for over USD 600 million and Austria's GeoGebra for USD 100 million.

The three board members who left the Bengaluru-based edtech company-GV Ravishankar, MD of early investor Peak XV Partners (previously Sequoia Capital India), Russell Dreisenstock of Prosus, and Chan Zuckerberg's Vivian Wu-resigned at the same time. The board members' resignation was recognised by Raveendran during a shareholders' call, but he added that the company has not yet accepted them and that the information regarding their resignation was prematurely disclosed.

As part of its restructuring efforts, Byju's fired roughly 1,000 workers in June. This was done at a time when the business was engaged in litigation with US lenders over a USD 1 billion term loan B.

Deloitte Haskins and Sells, the company's auditor, resigned as well due to the uncertainty surrounding the appointment of a new CFO. The Enforcement Directorate (ED) conducted searches at the business' three Bengaluru locations in April.