Online education platform Byju’s has announced that two of its advisory board members Rajnish Kumar and Mohandas Pai have decided not to renew their contract this year.
The contract between the two advisory board members and Byju’s is slated to expire at the end of the month of June.
“Our engagement with the company as advisors was always on a fixed term basis for a year. Based on our discussions with the founders, it was mutually decided that the tenure of the advisory council should not be extended. Though the formal engagement concludes, the founders and the company can always approach us for any advice. We wish the founders and the company the very best for the future,” said Kumar and Pai reportedly said in a joint statement.
Meanwhile, the company said that it values the engagement with the advisors.
“Rajnish Kumar and Mohandas Pai have provided invaluable support in the past year. The ongoing litigation by a few foreign investors have delayed our plans but their advice will be relied upon in the ongoing rebuild which I am personally leading,” media reports quoted Byju Raveendran, founder and CEO, Think & Learn Pvt Ltd, as saying.
