Byju’s founder Byju Raveendran’s web price turned zero: a 12 months in the past it was Rs 17,545 crore, Forbes excluded him from the billionaire checklist.

Byju Raveendran (file picture)

The online price of Byju Raveendran, founding father of edtech firm Byju’s, which is going through monetary disaster, has change into zero. A 12 months in the past i.e. on April 4, 2023, Byju’s web price was $ 2.1 billion (about ₹ 17,545 crore then). This data has been given in Forbes’ Billionaire Index 2024.

It has been reported within the report {that a} 12 months in the past Byju was included within the Forbes Billionaire checklist. However this time 4 folks have been excluded from final 12 months’s checklist, Ravindran can also be included in them.

Not too long ago, BlackRock additionally decreased Byju’s valuation to $1 billion, which is simply part of its highest valuation of $22 billion in 2022.

Began profession as a arithmetic trainer
Byju Raveendran began his profession as a arithmetic trainer. In 2011, when he based Byju’s, it turned the quickest rising startup.

The corporate had stated its valuation in 2022 to be $22 billion, roughly Rs 1.84 lakh crore. Byju’s caters to college students from major stage to MBA.

ED can also be taking motion
ED can also be investigating the international funding acquired by Byju. Not too long ago, ED had issued a lookout round in opposition to Raveendran. Other than this, a ‘present trigger’ discover was issued to Byju’s father or mother firm Assume & Study for violation of the Overseas Trade Administration Act (FEMA).