BENGALURU -- Investors in Indian online education startup Byju's voted Friday in favor of ousting its founder and his family from the board, widening a rift between the two factions amid an acute cash crunch and mounting losses at a company that was once India's most valuable startup.
High-profile investors, who together own about one-third of the company, had called for an extraordinary general meeting to decide the fate of founder Byju Raveendran, his wife and brother, alleging mismanagement and lack of corporate governance. The trio own 26% of the company.
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