Just a couple of months after joining BYJU’S, former upGrad CEO Arjun Mohan has been appointed as the head of the India business of the embattled edtech decacorn.
Mohan succeeds Mrinal Mohit, who was also a founding partner at BYJU’S. Mohit has quit the edtech giant to pursue personal aspirations, BYJU’S said in a statement.
To be sure, Mohan was also a part of the founding team at BYJU’S, having served as the CBO for 11 years before joining rival upGrad. He rejoined the company in July as the head of international business for the edtech giant.
Reflecting on Mrinal’s contributions, Byju Raveendran said, “If BYJU’S has reached the remarkable heights it stands at today, it is due to the extraordinary efforts of our founding team. Mrinal’s contributions have left an indelible mark on our organisation, and we bid him a bittersweet farewell. I am immensely proud of what we have achieved together.”
Raveendran, who is the cofounder of the edtech giant, will remain its group CEO, while Mohan will manage its India business.
The rejig also coincides with BYJU’S looking to offload two of its biggest overseas assets, the US-based edtech startups Great Learning and Epic. The Bengaluru-headquartered edtech decacorn is looking to generate up to $1 Bn from the sales as part of a repayment plan towards its $1.2 Bn Term Loan B, which it aims to pay off within the next six months.
Welcoming Mohan back into the company, Raveendran added, “Arjun’s return is a testament to his belief in our mission and the unparalleled opportunities that lie ahead. His expertise will undoubtedly help our turnaround efforts and strengthen our position in the global edtech landscape.”
The development comes at a time when BYJU’S, which is fighting multiple battles ranging from delay in publishing financial results and resignation of board members to a cash crunch, has seen several high-level exits in the recent past. Earlier this month, Cherian Thomas, SVP for international business, left the startup.
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