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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Venture Talk Show on Instagram: "A Delaware bankruptcy court has issued a default judgment of more than US$1.07 billion against Byju Raveendran, founder of ed-tech giant Byju’s, after finding that he repeatedly failed to comply with discovery orders. The court’s ruling, based on a petition from Byju’s Alpha and US-based lender GLAS Trust, breaks down to roughly US$533 million linked to 2022 fund transfers, and US$540.6 million related to Camshaft LP interests. The court has also ordered Raveendr
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