Byju’s Auditor BDO Resigns Amid Bankruptcy Proceedings: Company Confirms

Byju’s, the popular online education platform, is facing another setback as its auditor, BDO, has resigned following the start of bankruptcy proceedings. The company confirmed the news, stating that BDO’s resignation was due to the ongoing financial challenges the company is currently facing.

This latest development comes as a blow to Byju’s, which has been struggling to stay afloat amidst mounting debt and financial difficulties. The company, which was once a darling of the EdTech industry, has seen its fortunes decline in recent months, with reports of layoffs and cost-cutting measures.

The resignation of BDO raises further questions about the financial health of Byju’s and its ability to weather the storm. Investors and stakeholders are closely monitoring the situation, with many expressing concerns about the company’s future prospects.

Byju’s has yet to comment on the specifics of the bankruptcy proceedings or its plans moving forward. However, the company is expected to face tough challenges in the coming months as it tries to navigate its way out of the financial turmoil.

As the situation continues to unfold, industry experts are watching closely to see how Byju’s will respond to these latest developments and whether the company can regain its footing in the highly competitive online education market.