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Prosus, Peak XV Partners and Chan Zuckerberg Initiative confirmed Friday that their representatives have resigned from the board of Byju’s, India’s most beneficial startup. The firm can also be reeling from the departure of its auditor Deloitte this week.

The board members’ resignations — which Byju’s vehemently denied on Thursday — got here shortly after world auditing big Deloitte informed the startup’s board that it was resigning from its role. Deloitte, which was slated to work with Byju’s till 2025, stated that the edtech big had failed handy over monetary outcomes for the 12 months ended March 2022.

A spokesperson for Peak XV Partners confirmed the departure of GV Ravishankar, a companion on the agency, from Byju’s board and stated the investing big, previously referred to as Sequoia India, was “committed to supporting the company for bringing on board an independent director in order to strengthen business processes and internal control mechanisms.”

In an announcement, a Prosus spokesperson stated:

Prosus confirms that Russell Dreisenstock, the representing Board Director from MIH Edtech Investments, B.V. (a Prosus entity) on the board of Think & Learn Private Limited, resigned from his place. The Company is required to file the resignation letter with the MCA in India throughout the required time interval.

In an announcement, Chan Zuckerberg Initiative confirmed that Vivian Wu has left give up Byju’s board. The resignations halve the board’s measurement to only three people: Byju’s co-founders — Byju Raveendran and Divya Gokulnath — and Raveendran’s brother Riju.

In an announcement, a Byju’s spokesperson stated the corporate’s administration is partaking with traders to reconstitute the board and stated departing members left as a result of their shareholding had fallen.

“The need for reconstitution arose as few investors had to vacate the board seat due to their shareholding falling below a minimum required threshold as per our SHA. We want to reassure all stakeholders that we are actively working towards constituting a diverse and world-class board commensurate with the company’s size and scale.”

Trouble is mounting at Byju’s, which can also be essentially the most priceless edtech globally. India’s company affairs ministry ordered an investigation into Byju’s last week after the ministry took cognizance of “various corporate governance lapses” on the startup, tv channel CNBC-TV18 reported earlier Friday — one other reporting that Byju’s denied.

Deloitte stated Thursday that it was resigning as a result of it had not acquired “any communication” from Byju’s on the standing of “audit readiness of the financial statements and the underlying books and records for the year ended March 31 2022.”

It was a déjà vu second for the auditor. Byju’s attracted intense scrutiny last year from the federal government, traders and collectors after it repeatedly failed to publish its accounts. In September, Byju’s lastly revealed its accounts for the 12 months ending March 2021, revealing revenue figures that fell short of its own projections.