For edtech firm Byju's chaotic situation, are only founders to be blamed?

Byju's delayed giving its FY21 financial report by 18 months and when it did, it reported a loss of Rs 4,570 crore. The FY22 financials are yet to be filed

After Prosus, the Netherlands-based institutional investor, came out with a statement about why its representative had to step down from the board of India’s largest edtech firm Byju’s, social media has been buzzing with comments. Many believed that the end of Byju’s is near, while others said it was karma.

However, many raised questions about the sudden spurt of ethical and fiduciary responsibility being shown by Byju’s investor Prosus and Peak XV Partners (earlier known as Sequoia Capital).

Several people from the VC community and start-up founders believed that if Byju Raveendran, founder of Byju’s, went overboard with his ambitions,