<p> New Delhi: Founder of the edtech company Think and Learn, which owns the Byju's brand, Byju Raveendran will handle the firm's day-to-day operations following the resignation of CEO Arjun Mohan, the company said on Monday.</p>.<p> Following the move, the company has announced a major rejig of the business that will consolidate its business into three focused divisions -The Learning App, Online classes and Tuition centres, and Test-prep.</p>.<p> "The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing BYJU'S India CEO Arjun Mohan."</p>.<p> This new phase will also see Byju Raveendran taking a more hands-on approach in spearheading the daily operations of the company, the company said.</p>.Number of unicorns in India declines for first time in four years; Byju's valuation loss steepest globally: Report.<p> Mohan will now transition to an external advisory role, lending his deep edTech expertise to the company and its founders during this transformation phase.</p>.<p> Over the past four years, Raveendran had focused primarily on strategic aspects such as raising capital and driving global expansion.</p>.<p> "With this new organisational structure and with the return of Byju Raveendran as the operational leader, BYJU'S is now well-positioned to begin its next chapter of innovation-led growth by launching at scale its new suite of AI-first products that have already received an overwhelmingly positive feedback in the pilot phase," the statement said. </p>
<p> New Delhi: Founder of the edtech company Think and Learn, which owns the Byju's brand, Byju Raveendran will handle the firm's day-to-day operations following the resignation of CEO Arjun Mohan, the company said on Monday.</p>.<p> Following the move, the company has announced a major rejig of the business that will consolidate its business into three focused divisions -The Learning App, Online classes and Tuition centres, and Test-prep.</p>.<p> "The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing BYJU'S India CEO Arjun Mohan."</p>.<p> This new phase will also see Byju Raveendran taking a more hands-on approach in spearheading the daily operations of the company, the company said.</p>.Number of unicorns in India declines for first time in four years; Byju's valuation loss steepest globally: Report.<p> Mohan will now transition to an external advisory role, lending his deep edTech expertise to the company and its founders during this transformation phase.</p>.<p> Over the past four years, Raveendran had focused primarily on strategic aspects such as raising capital and driving global expansion.</p>.<p> "With this new organisational structure and with the return of Byju Raveendran as the operational leader, BYJU'S is now well-positioned to begin its next chapter of innovation-led growth by launching at scale its new suite of AI-first products that have already received an overwhelmingly positive feedback in the pilot phase," the statement said. </p>