Indian educational technology giant Byju's has announced the resignation of its India CEO, Arjun Mohan, after a brief seven-month tenure, marking another setback for the troubled startup grappling with financial, legal, and operational hurdles. Mohan's departure follows a comprehensive operational and cost review during his tenure, with him transitioning into an external advisory role without an explicit reason provided for his resignation.

Mohan, formerly the CEO of edtech firm upGrad, initially joined Byju's to spearhead international operations, later assuming the role of India CEO. Byju's, once a prominent startup valued at $22 billion in 2022, has faced a series of setbacks leading to investor skepticism, mass layoffs, and a significant valuation decline to under $3 billion.

In a separate development, Byju's shareholders have greenlit its rights issue, a critical move amid reported challenges in meeting employee salary deadlines. The company's restructuring into three divisions – focusing on its core online learning app, online classes, tuition centers, and test preparation – aims to streamline operations without affecting its international footprint. Founder and CEO Byju Raveendran pledges a more hands-on approach, signaling a shift from his recent emphasis on fundraising and global expansion. Despite internal turbulence, Byju's remains steadfast in its commitment to navigating the evolving educational landscape.