Byju Raveendran Net Worth Hits $2.1B: How This Math Teacher Turned Billionaire?

Byju Raveendran is not just a successful entrepreneur, but also a visionary who has revolutionized the way millions of students learn. 

He is the founder and CEO of Byju’s, India’s largest ed-tech company, which offers personalized and engaging learning experiences for students of all ages.

But how did he achieve this remarkable feat? And what is his current net worth after a recent drop in his stake value?

In this blog post, we will explore the inspiring story of Byju Raveendran net worth, his journey, his challenges, and his achievements.

Byju Raveendran Net Worth 2024

byju raveendran net worth 2024

Raveendran Byju is the founder of Byju’s, an extremely popular educational technology company in India. Byju’s provides learning programs for students of all ages on smartphones and computers.

In recent years, Byju’s has grown very rapidly. As the company has become more valuable, so has Raveendran Byju’s personal net worth. His net worth is calculated based on the value of his ownership stake in Byju’s.

In 2020 it reached $1.8 billion. Then in 2021, his net worth reached to $2.5 billion. The next year, 2022, it grew even higher to $3.6 billion.Most recently, in 2023, Forbes estimates Raveendran Byju’s net worth to be $2.1 billion. Even though this represents a decrease from the prior year, he remains one of the richest people in India thanks to the massive success of his education technology company Byju’s.


Raveendran Byju Early Life and Education

byju raveendran education

Born in 1980 in the Azhikode village of Kerala, India, Byju Raveendran grew up in a family of educators. 

His parents were physics and mathematics teachers, which likely influenced his passion for learning. 

Despite attending a Malayalam medium school, Byju’s curiosity led him to skip classes and learn at home. His unconventional approach to education would later shape his entrepreneurial path.


Byju Raveendran Career

byju raveendran career

Byju Raveendran completed his B.Tech from the Government College of Engineering, Kannur. Later, he joined a multinational shipping company as a service engineer.

During a vacation in 2003, Byju helped his friends prepare for the CAT exam. He took the exam himself and got a perfect score twice. 

Inspired by these results, he decided to quit his job and founded “Byju’s Classes”to help more students with CAT. It became very popular.

In 2011, he founded Think and Learn Pvt Ltd to make quality content and teachers more accessible to students anywhere. His vision was to build a community of active self-learners. Byju started by conducting packed stadium classes, then launched “BYJU’S – The Learning App” in 2015. The app makes learning interactive, adaptive and personalized through videos, games, and quizzes.


The Byju’s Growth Story – From Small Tutoring Startup to Edtech Unicorn

byjus logo
  • Byju’s, an Indian multinational edtech company, was founded in 2011 by Byju Raveendran and Divya Gokulnath.
  • BYJU’S was founded in Bangalore, India and now has over 100 million registered students globally with 6.5 million annual paying subscribers. Students spend 71 minutes per day on average learning on the platform.
  • BYJU’S has expanded through acquisitions of companies like Osmo, WhiteHat Jr, and Epic. It has over 10,000 employees including 2,500 educators and learning experts.
  • BYJU’S is backed by investors like Tiger Global, Naspers Ventures, and Chan-Zuckerberg Initiative. It is one of India’s most valuable private internet companies.
  • The company initially focused on offering online video-based learning programs for the K-12 segment and competitive exams.

In August 2015, Byju’s launched the flagship product ‘The Learning App’. Subsequently, they launched ‘Byju’s Math App’ for kids and ‘Byju’s Parent Connect’ app in 2017.


byjus the learning app
  • Byju’s became India’s first edtech unicorn in 2018.
  • In January 2022, Byju’s joined Simplilearn, Unacademy, upGrad, PrepInsta Prime, and Vedantu to become one of the founding members of IAMAI’s India EdTech Consortium.
  • In March 2022, it signed a contract with Qatar Investment Authority to establish a new edtech company and an R&D centre in Doha.
  • The company faced challenges such as the non-filing of its audited financials for the year ending March 2021 and employee dissatisfaction leading to layoffs.
  • BYJU’S has raised a total funding of $5.08B over 28 rounds. Its latest funding round was a Conventional Debt round on May 12, 2023, for $250M.
  • As of January 2024, Byju’s was valued at $1B, a sharp fall from its peak of $22 billion in 2022.
  • The company’s annual revenue was $711M as of Mar 31, 2022.

Byju’s Financial Crisis

byjus financial issues
  1. Leadership in Danger

Byju’s, an online education company, is facing a severe financial crisis. The company’s value has dropped significantly. It was worth $22 billion in March 2022, but now it’s worth around $1 billion. The company’s shareholders want to remove the founders from their leadership roles, including the CEO, Byju Raveendran.

  1. Legal Issues

In April 2023, the Enforcement Directorate (ED) conducted raids on three offices of Byju’s in Bengaluru over alleged violations of the Foreign Exchange Management Act (FEMA). 

The Enforcement Directorate (ED) issued a notice to Byju’s for violating the Foreign Exchange Management Act (FEMA), amounting to ₹9,362.35 crore. As a result, the once-successful online education company faced a significant decline.

  1. Problems with Loan Repayment

One major point of conflict was the $1.2 billion loan Byju’s took from US lenders. Lenders accused Byju’s of not making payments on time. Byju’s filed a lawsuit against a lender, alleging excessive pressure for loan repayment. A US court ruled in favor of the lenders.

  1. Changes in Staff and Job Cuts

In June 2023, Byju’s laid off over 1000 employees across departments. 400 more jobs were cut in August. Meanwhile, employees alleged they hadn’t been paid in months and severance for laid off staff wasn’t cleared.

  1. Controversial history of Byju’s US arm

Byju’s faced a lawsuit in the United States after its lenders accused Byju’s Alpha Inc. of concealing $500 million from the lenders, according to Bloomberg

After a court in Delaware ruled in favor of the lenders, Byju’s Alpha Inc. was put into bankruptcy by the US court. The CEO said that Alpha Inc. doesn’t have enough money to keep fighting with its parent company about the debt.


Honors and Awards Received by Byju Raveendran

byju raveendran awards

FAQs

Here are the most frequently asked questions about Byju Raveendran, 

Who is the parent company of BYJU’s?

Byju’s app was developed by Think and Learn Pvt. Ltd, a company which was established by Byju Raveendran, Divya Gokulnath and a group of students in 2011.

Who is Byju Raveendran’s wife?

Byju Raveendran’s wife is Divya Gokulnath, who is also the co-founder and director of Byju’s.

How old is Byju Raveendran?

Byju Raveendran was born in the year 1980, so he is 43 years old as of 2024.

How did Byju Raveendran meet his wife Divya Gokulnath?

Byju Raveendran met his wife Divya Gokulnath when she was a student in his CAT exam preparation class. She was an engineer by qualification and a teacher by profession. She joined him as a teacher and partner in his venture and later became the co-founder and director of Byju’s.


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Final Thoughts about Byju Raveendran Net Worth

Byju Raveendran’s journey from humble beginnings to billionaire entrepreneur status is an inspiring story of success in the edtech space. 

However, his company Byju’s rapid expansion was followed by a steep decline amidst financial troubles, regulatory violations, and mass layoffs. 

Once valued at over $22 billion, Byju’s valuation plunged down to $1 billion. As the company faces lawsuits and shareholder revolts, the future is uncertain. 

Byju Raveendran net worth also took a huge hit. While Byju’s and its founder achieved meteoric success initially, major challenges around finances, regulations, and management have now emerged. Despite early wins, the road ahead looks difficult.


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Anil Agarwal

Anil Agarwal is the guy behind this blog who also owns BloggersPassion.com and HostingMonks.com. He has also been featured/mentioned on Forbes, ProBlogger, NeilPatel.com, Huffingtonpost.com, and SEMrush. MakeBlogging.com is your one-stop destination to start a money-making blog from scratch.

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