Byju Raveendran's Fall from Grace: A Billionaire No More
April 9, 2024, 9:41 pm
Location: India, Delhi, New Delhi
Employees: 1001-5000
Founded date: 2008
Total raised: $7.13B
Location: United States, New Jersey, Jersey City
Employees: 201-500
Founded date: 1917
Total raised: $200M
Forbes Richest List 2024 revealed a shocking twist for Byju Raveendran, once a billionaire with a net worth of $2.1 billion, now reduced to zero. The edtech giant, Byju's, faced a series of crises leading to this downfall, including financial losses, investor disputes, and legal troubles. Raveendran's exit from the list marks a significant decline for the iconic figure in India's startup scene. The rise and fall of Byju's, once valued at $22 billion, now struggling to survive amidst mounting challenges and controversies.