Byju’s, the prominent Indian edtech startup valued at $22 billion in its recent funding round, announced on Tuesday a strategic restructuring of its business units, leading to the departure of three senior executives. Mukut Deepak, who oversaw classes for grades 4-10; Himanshu Bajaj, in charge of tuition centers; and Prathyusha Agarwal, Byju’s Chief Business Officer, will be leaving the Bengaluru-based company.

The reorganization involves the consolidation of four of Byju’s verticals into two main categories: K-10 and Exam Prep. The decision comes as Byju’s readies itself for new financing opportunities and seeks to bolster the confidence of its supporters. In conjunction with this, the company is reviewing its agreements with lenders and an investor to enhance its commitments.

The recent resignations of Deloitte and three key board members, along with criticisms from Prosus last month, have highlighted concerns within Byju’s. Prosus raised issues about the company’s reporting and governance structures not keeping pace with its scale, and claimed that advice and recommendations were disregarded.

To lead the restructured verticals, seasoned leaders have been appointed: Ramesh Karra for the K-10 vertical, and Jitesh Shah for the exam preparation segment. Byju’s spokesperson conveyed the company’s gratitude for the departing executives’ contributions and wished them success in their future endeavors. The initial report on the executives’ departure was first covered by Moneycontrol.