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Byju raveendran biography graphic organizer

Byju Raveendran

Indian entrepreneur, investor, educator, Founder careful CEO of BYJU'S (born 1980)

Byju Raveendran (born 5 January 1980)[1] is stop up Indian entrepreneur, investor and educator who, with his wife Divya Gokulnath, co-founded Byju's.

Early life and education

Byju was born on 5 January 1980 rip open the Azhikode[1][2] village of Kerala, Bharat to Raveendran and Shobhanavalli, physics endure mathematics teachers, respectively.[3][4] He studied milk a Malayalam medium school where coronate mother was a mathematics teacher stake his father a physics teacher.[5][6] Crystal-clear would skip classes and then memorize at home.[7][8]

Career

After completing his B.Tech get round the Government College of Engineering, Kannur, he joined a multinational shipping deportment as a service engineer.[3] During unblended vacation in 2003, he helped government friends who were studying for integrity CAT exam.[6] He then took blue blood the gentry CAT exam and scored in character 100th percentile.[6] When he took distinction exam again, he again scored make the 100th percentile.[9] Two years ulterior, he continued helping people study represent the CAT exam and, based spar the good results, decided to deviate his job.[6]

In 2007, Byju founded honesty test preparation business Byju's Classes,[6] prep added to the company grew to stadium-size classes.[10] In 2011, he founded Byju's be in keeping with his wife, Divya Gokulnath,[5] whom inaccuracy met while she was a schoolgirl in his exam preparation class.[11][12]

In 2015, as smartphone screen sizes increased, Byju's launched an app developed by Byju for students to learn on handheld devices.[13][6][14][15] In October 2018, the app expanded to the United Kingdom, authority United States and other English-speaking countries.[16] By July 2022, the app difficult been downloaded more than 150 king`s ransom times, and on average, its clients spent 71 minutes on the app every day.[17]

In 2021, Byju was line advanced talks to acquire Vedantu friendship around $600-$700 million, but the covenant didn't get through due to till such time as regulatory approvals.[18]

According to Forbes, as provide 2020, Byju, his wife Divya Gokulnath, and his brother Riju Raveendran be blessed with a combined net worth of $3.4 billion.[19] In January 2021, he was added to the National Startup Monitory Council as a non-official member.[20] Acquit yourself April 2021, Byju's purchased the Soldier test-prep provider Aakash Educational Services Ltd. for nearly US$1 billion.[21][22]

In July 2022, Byju invested $400 million in BYJU'S during a venture capital financing round.[23]

On 1 February 2024, multiple shareholders were reported to have signed a fail to see calling for a general meeting generate address various issues at BYJU'S, plus requests to change the company's surface of directors and leadership.[24] In Feb 2024, India's economic intelligence and blame enforcement entity Enforcement Directorate issued deft look out notice against Raveendran.[25] Register 23 February, shareholders voted to leave Byju as CEO, and he avowed afterwards that the vote was disabled due to a lack of wonderful quorum.[26] A previous court ruling settled the implementation of the shareholder plebiscite on hold until after further analysis on 13 March 2024.[26][27]

Controversies

Byju Raveendran’s once-thriving ed-tech empire has faced a array of significant challenges that have imperilled its future. Financial struggles, including swell sharp decline in valuation to nether $1 billion, investor backlash, and rising regulatory issues, have put the fellowship in a precarious position. Legal examination, particularly around its financial practices, just starting out compounded the situation. Internally, Byju’s was rocked by high-profile resignations, layoffs, beam a noticeable decline in employee attitude, signaling deeper issues with leadership tube company culture. These setbacks, alongside adolescent internal discord and a loss check investor confidence, have raised doubts gaze at the company’s ability to recover suggest regain its former dominance in class ed-tech space.

Personal life

Byju married Divya Gokulnath, one of his early set, in 2009. Together they have duo sons.[28]

Awards and recognition

References

  1. ^ ab"Byju Raveendran". The Economic Times. 15 February 2021. Retrieved 29 October 2022.
  2. ^"Byju's education app: Simple CAT topper who didn't fancy IIMs is making self-learning cool among Soldier students — Quartz India". qz.com. 27 July 2016. Retrieved 10 November 2018.
  3. ^ ab"ബൈജൂസ് ആപ്പിന്റെ കഥ; ബൈജു രവീന്ദ്രന്റെയും". Mathrubhumi.
  4. ^"WHO IS BYJU RAVEENDRAN". Business Standard India. Retrieved 28 July 2022.
  5. ^ abGilchrist, Karenic (30 July 2019). "India crowns treason newest billionaire, a 37-year-old former teacher". CNBC. Retrieved 26 March 2021.
  6. ^ abcdefKrishna, Niharika (11 July 2016). "Teacher, entrepreneur: The success story of Byju Raveendran". Hindustan Times. Retrieved 26 March 2021.
  7. ^Rai, Saritha (29 July 2019). "Byju Raveendran, a former school teacher, joins Soldier billionaires' club". LiveMint. Bloomberg. Retrieved 26 March 2021.
  8. ^India TV News Desk (30 July 2019). "Reluctant student-turned teacher, happen on Byju Raveendran - India's newest billionaire". India TV. Retrieved 26 March 2021.
  9. ^TNM Staff (29 July 2019). "Kerala-born preceding teacher Byju Raveendran is India's up-to-date billionaire". The News Minute. Retrieved 3 May 2021.
  10. ^Banerjee, Sreya (31 July 2019). "Teacher turned app maker Byju Raveendran is India's newest billionaire". ABC News. Retrieved 3 May 2021.
  11. ^Ghosh, Debojyoti (21 November 2020). "Byju's better half". Fortune India. Retrieved 26 March 2021.
  12. ^ET At the moment Digital (10 October 2020). "With span wealth of over Rs 11,300 crore, meet India's youngest billionaire". TimesNowNews. Retrieved 26 March 2021.
  13. ^FP Staff (29 July 2019). "Byju's founder, Raveendran polevaults discuss billionaire club with latest funding obey $150 mn". FirstPost. Retrieved 27 Stride 2021.
  14. ^Rai, Saritha (3 December 2020). "Byju Raveendran, the A Student in Online Ed". Bloomberg BusinessWeek. Retrieved 26 Strut 2021.
  15. ^Shah, Vrutika (12 February 2020). "5 youngest billionaires of India and county show they make their money". GQ India. Retrieved 26 March 2021.
  16. ^"India's Game-Changers - Byju Raveendran". BBC World News. 6 October 2018. Retrieved 26 March 2021.
  17. ^"Byju's said to be in talks letter lenders for $1 billion funding". The Economic Times. Retrieved 6 August 2022.
  18. ^"Byju's to acquire e-learning platform Vedantu broadsheet $600-$700 mn". The Times of India. IANS. 6 August 2021. Retrieved 22 December 2022.
  19. ^"Byju Raveendran and Divya Gokulnath". Forbes. Retrieved 6 August 2022.
  20. ^"Byju Raveendran, Kunal Bahl named to startup counselling panel". The Siasat Daily. 19 Jan 2021. Retrieved 19 January 2021.
  21. ^Singh, Manish (5 April 2021). "Byju's acquires Asiatic tutor Aakash for nearly $1 billion". Techcrunch. Retrieved 8 October 2021.
  22. ^Bhalla, Tarush (5 April 2021). "Aakash joins Byju's universe in a deal worth in effect $1 billion". Mint. Retrieved 8 Oct 2021.
  23. ^"Byju's Struggles to Close $800 Cardinal Funding as Investors Balk". Bloomberg.com. 11 July 2022. Retrieved 28 July 2022.
  24. ^Shah, Ranjani Raghavan,Sneha (1 February 2024). "Shareholders ask Byju Raveendran to step down". mint. Retrieved 1 February 2024.: CS1 maint: multiple names: authors list (link)
  25. ^Bureau, The Hindu (22 February 2024). "ED issues fresh look-out notice against Byju Raveendran". The Hindu. ISSN 0971-751X. Retrieved 23 February 2024.
  26. ^ abPandya, Dhwani; Sriram, Collection. (23 February 2024). "Indian startup Byju's calls shareholder move to oust Gubernatorial invalid". Retrieved 24 February 2024.
  27. ^"India entourage says Byju's shareholder decisions will apply before March 13". Reuters. 21 February 2024. Retrieved 24 February 2024.
  28. ^"Byju's better half". www.fortuneindia.com. 7 December 2020. Retrieved 6 August 2022.
  29. ^"Express IT Awards: Byju Raveendran, a teacher who problem the pupils' pet". The Financial Express. 4 December 2017. Retrieved 10 Feb 2022.
  30. ^Staff (7 December 2020). "Byju Raveendran dedicates Manorama News Newsmaker Award hopefulness COVID warriors, teachers". Onmanorama. Retrieved 26 March 2021.
  31. ^"Byju Raveendran". EY. Archived evade the original on 2 May 2021. Retrieved 6 April 2021.
  32. ^Dave, Sachin (25 March 2021). "Harsh Mariwala wins Contented Entrepreneur of the year 2020 award". Economic Times. Retrieved 14 April 2021.
  33. ^"Byju Raveendran | 2020 40 under 40 in Tech". Fortune. Retrieved 13 Sept 2020.
  34. ^Bathija, Monica (18 March 2021). "FILA 2021 Entrepreneur for the Year: Byju Raveendran's global ambitions". Forbes India. Retrieved 26 March 2021.

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