The restructuring, as part of which Byju's is consolidating four of its businesses into two (K-10 and Exam Prep), comes at a time when the edtech firm is attempting to resolve a dispute with lenders over terms of a $1.25 billion loan. Byju's is also coping with pressures stemming from the abrupt resignation of its board members and auditor Deloitte in June this year. Prosus, one of the largest investors in Byju's, publicly expressed its disappointment in Byju's a month later, alleging that the edtech startup's reporting and governance structures "did not evolve sufficiently for a company of that scale," and the Indian firm "disregarded advice and recommendations" from Prosus' director despite repeated attempts. The startup — which previously considered and subsequently postponed its initial public offering and that of its subsidiary, Aakash, amid poor dwindling market conditions — has garnered a reputation for consistently failing to meet its financial reporting deadlines.