MC Tech3 | Prosus, Naspers CEO Bob Van Dijk steps down; Key partners part ways with Orios; and more

One quick thing: ?Zomato's stock soars to 52-week high of Rs 105 per share in intraday surge.

• However, the stock ended 0.87% lower to Rs 102.05 apiece.

In today’s newsletter:

• Prosus, Naspers CEO Bob Van Dijk steps down
• Key partners part ways with Orios
• Byju's sacked employees wait longer for pay

Prosus, Naspers CEO Bob Van Dijk steps down

The startup ecosystem has seen several high-level moves this year, with CEOs from companies like Flexport and Binance stepping down.?

• However, it is quite uncommon for the CEO of an investing giant to step down after nearly a decade.

Driving the news: Earlier today, Naspers and Prosus said that their CEO Bob van Dijk will be stepping down from his role with immediate effect.

• Dijk will also be giving up his board seats at both the companies.

Ervin Tu, who had joined only two years ago and was the chief investment officer, has been named as the interim chief executive.

Churn continues: Dijk has stepped down at a time when Prosus and Naspers have rejiggered their top management.?

• Larry Illg, CEO of the combined edtech and food delivery unit at Prosus, has also stepped down.
• As a result, edtech and food delivery have been split into two different divisions.

Gautam Thakar, former CEO of OLX Autos, was appointed to lead edtech, while Roger Rabalais was appointed to head food delivery for Prosus.

Indian affair: Prosus, a global technology investor, has been a key player in the Indian startup ecosystem, pumping in around $6 billion and backing several unicorns, including Byju's, Urban Company, and Mensa Brands.

• Two of Prosus' startups, Swiggy?and PayU,?are preparing for initial public offerings (IPOs).

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