Indian edtech giant Byju’s has lost its auditor and board members following a delay in its financial statements. Deloitte severed ties with the start-up due to financial records not being provided, and three board members has resigned due to concerns raised with leadership about the audit delays and the handling of lender issues. Byju’s, which was valued at $22bn in 2021, addressed its shareholders over its financial affairs and confirmed that it will file its 2022 earnings by September and 2023 results by December. The firm has not commented on the reason for the delay in its financial statements or the resignation of board members.
Byju’s to Report Earnings for 2022 by September, Confirms Source
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