The departure of three key backers – Prosus Ventures, Peak XV, and Chan Zuckerberg Initiative – from the company's board last year made it impossible for Byju's to raise additional funds. Representatives of the aforementioned three firms, as well as auditor Deloitte, left the startup's board last year, citing governance issues. Raveendran lamented, "It's worth zero. What valuation are you talking about? It's worth zero." The founder's words are a stark reminder of the devastating consequences of poor governance and accountability.