Byju Raveendran, the co-founder of edtech platform BYJU’s, is dealing with warmth from the Enforcement Directorate (ED) which searched his 3 premises over alleged Foreign Exchange Management Act (FEMA) violations. His corporate Think and Learn Pvt Ltd, which operates below the logo title BYJU’s, were within the information not too long ago when it fired 1,500 workers in February this 12 months. The corporate had cited price optimization and outsourcing of operations.
Here’s all you wish to have to understand concerning the edtech co-founder and CEO Byju Raveendran.
1. He is an investor, educator and entrepreneur, having co-founded BYJU’s along with his spouse Divya Gokulnath in 2015. According to Forbes, he and his circle of relatives are value $3.6 billion ( 2,942 crore)
Hailing from Azhikode village in Kerala, Raveendran studied B Tech on the Government College of Engineering in Kannur. After scoring 100 percentile in two successive CAT checks, he give up his task and began an organization in 2007 to lend a hand CAT aspirants crack the celebrated front examination.
3. In 2011, he and his spouse Divya Gokulnath based Think and Learn Private Limited, 4 years sooner than launching the primary app. Raveendran has an important stake in Byju’s, at the side of spouse Divya Gokulnath and brother Riju Raveendran, Forbes mentioned.
4. Under Raveendran, BYJU’s introduced a social initiative ‘Education for All’ in 2020 which objectives to empower 50 lakh youngsters via 2025.
5. BYJU’s obtained WhiteHat Jr, a Mumbai-based platform geared toward instructing youngsters with coding abilities. Under Raveendran, the corporate obtained Singapore-headquartered Great Learning and test-prep platform Toppr in July 2021. BYJU’s additionally obtained Akash Educational Services, an offline examine prep company.