Following the resignation of its auditor as a result of late financial filings, Byju’s, the largest edtech company in India, is dealing with investor worries. According to Reuters, the company has informed investors that it intends to submit audited earnings for the years 2022 and 2023 within particular timeframes.
Due to lengthy delays in the company’s financial accounts for the fiscal year ending in March 2022, Deloitte, the former auditor of Byju’s, made the decision to dissolve their relationship. Other major board members left as a result of this event, including Peak XV Partners (formerly Sequoia Capital India), Prosus, and Chan Zuckerberg Initiative. These leavers’ causes have not been made known to the public. In light of these circumstances, Byju’s, which was valued at $22 billion last year and boasts
