The net worth of Byju Raveendran, the founder of edtech company Byju's, has plunged to zero as per the latest Forbes Billionaire Index. Raveendran's net worth was Rs 17,545 crore ($2.1 billion) a year ago, but has now vanished amid many challenges that surround the edtech company. "Only four people from last year's list dropped off this time, including former edtech star Byju Raveendran, whose firm Byju's was enveloped in multiple crises and its valuation was marked down by BlackRock to $1 billi
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Byju Raveendran Net Worth Decline: BYJU’S Co-Founder No Longer on Forbes World's Billionaires List 2024 as His Wealth Drops to Zero From USD 2.1 Billion | 📲 LatestLY
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The net worth of this Man has dropped to ZERO from Rs 17,545 crore in 2023Byju’s, founded by Raveendran and his student-wife Divya in 2011, experienced a remarkable journey in the Indian startup scene. Over 28 funding rounds, they raised an impressive Rs 64,000 crore, reaching a peak valuation of over Rs 1.5 Lakh crore in 2022. However, the company’s fortunes took a drastic turn in 2024, with a staggering 95% drop in its worth to Rs 8,290 crore.Despite significant investments, including $2 billi
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