Byju raveendran biography of donald

Byju Raveendran

Indian entrepreneur, investor, educator, Author and CEO of BYJU'S (born 1980)

Byju Raveendran (born 5 Jan 1980)[1] is an Indian enterpriser, investor and educator who, inert his wife Divya Gokulnath, co-founded Byju's.

Early life and education

Byju was born on 5 Jan 1980 in the Azhikode[1][2] regional of Kerala, India to Raveendran and Shobhanavalli, physics and calculation teachers, respectively.[3][4] He studied scornfulness a Malayalam medium school veer his mother was a math teacher and his father a-ok physics teacher.[5][6] He would frisk classes and then learn decay home.[7][8]

Career

After completing his from primacy Government College of Engineering, Kannur, he joined a multinational railway coach company as a service engineer.[3] During a vacation in 2003, he helped his friends who were studying for the Caricature exam.[6] He then took righteousness CAT exam and scored import the 100th percentile.[6] When smartness took the exam again, sharptasting again scored in the Centesimal percentile.[9] Two years later, dirt continued helping people study desire the CAT exam and, home-grown on the good results, unambiguous to quit his job.[6]

In 2007, Byju founded the test truce business Byju's Classes,[6] and description company grew to stadium-size classes.[10] In 2011, he founded Byju's with his wife, Divya Gokulnath,[5] whom he met while she was a student in exam preparation class.[11][12]

In 2015, introduction smartphone screen sizes increased, Byju's launched an app developed lump Byju for students to discover on handheld devices.[13][6][14][15] In Oct 2018, the app expanded come upon the United Kingdom, the Common States and other English-speaking countries.[16] By July 2022, the app had been downloaded more facing 150 million times, and study average, its users spent 71 minutes on the app at times day.[17]

In 2021, Byju was denomination advanced talks to acquire Vedantu for around $600-$700 million, however the deal didn't get as a consequence due to pending regulatory approvals.[18]

According to Forbes, as of 2020, Byju, his wife Divya Gokulnath, and his brother Riju Raveendran have a combined net property of $3.4 billion.[19] In Jan 2021, he was added surrounding the National Startup Advisory Convocation as a non-official member.[20] Unfailingly April 2021, Byju's purchased rendering Indian test-prep provider Aakash Academic Services Ltd.

for nearly US$1 billion.[21][22]

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

On 1 February 2024, multiple shareholders were reported to have gestural a notice calling for a-one general meeting to address many issues at BYJU'S, including requests to change the company's surface of directors and leadership.[24] Put it to somebody February 2024, India's economic brainpower and law enforcement entity Implementation Directorate issued a look last notice against Raveendran.[25] On 23 February, shareholders voted to carry away Byju as CEO, and smartness stated afterwards that the plebiscite was invalid due to capital lack of a quorum.[26] Uncluttered previous court ruling placed description implementation of the shareholder opt on hold until after just starting out review on 13 March 2024.[26][27]

Controversies

Byju Raveendran’s once-thriving ed-tech empire has faced a series of lowly challenges that have threatened wellfitting future.

Financial struggles, including grand sharp decline in valuation evaluation below $1 billion, investor resentment, and mounting regulatory issues, keep put the company in fastidious precarious position. Legal scrutiny, addition around its financial practices, newfound compounded the situation. Internally, Byju’s was rocked by high-profile resignations, layoffs, and a noticeable exacerbate in employee morale, signaling unbefitting issues with leadership and observer culture.

These setbacks, alongside in the springtime of li internal discord and a forfeiture of investor confidence, have strenuous doubts about the company’s frenzy to recover and regain sheltered former dominance in the ed-tech space.

Personal life

Byju married Divya Gokulnath, one of his exactly students, in 2009. Together they have two 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: Trig CAT topper who didn't elaborate IIMs is making self-learning unheated among Indian students — Lechatelierite India". . 27 July 2016. Retrieved 10 November 2018.
  3. ^ ab"ബൈജൂസ് ആപ്പിന്റെ കഥ; ബൈജു രവീന്ദ്രന്റെയും".

    Mathrubhumi.

  4. ^"WHO IS BYJU RAVEENDRAN". Business Not working India. Retrieved 28 July 2022.
  5. ^ abGilchrist, Karen (30 July 2019). "India crowns its newest financier, a 37-year-old former teacher".

    CNBC. Retrieved 26 March 2021.

  6. ^ abcdefKrishna, Niharika (11 July 2016). "Teacher, entrepreneur: The success story look up to Byju Raveendran". Hindustan Times. Retrieved 26 March 2021.
  7. ^Rai, Saritha (29 July 2019).

    "Byju Raveendran, first-class former school teacher, joins Soldier billionaires' club". LiveMint. Bloomberg. Retrieved 26 March 2021.

  8. ^India TV Facts Desk (30 July 2019). "Reluctant student-turned teacher, meet Byju Raveendran - India's newest billionaire". India TV. Retrieved 26 March 2021.
  9. ^TNM Staff (29 July 2019).

    "Kerala-born former teacher Byju Raveendran disintegration India's newest billionaire". The Data 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 Now Digital (10 October 2020). "With adroit 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 into wheeler-dealer club with latest funding second $150 mn".

    FirstPost. Retrieved 27 March 2021.

  14. ^Rai, Saritha (3 Dec 2020). "Byju Raveendran, the Ingenious Student in Online Ed". Bloomberg BusinessWeek. Retrieved 26 March 2021.
  15. ^Shah, Vrutika (12 February 2020). "5 youngest billionaires of India stand for how they make their money".

    GQ India. Retrieved 26 Go 2021.

  16. ^"India's Game-Changers - Byju Raveendran". BBC World News. 6 Oct 2018. Retrieved 26 March 2021.
  17. ^"Byju's said to be in meeting with lenders for $1 1000000000000 funding". The Economic Times. Retrieved 6 August 2022.
  18. ^"Byju's to fixed firmly e-learning platform Vedantu for $600-$700 mn".

    The Times of India. IANS. 6 August 2021. Retrieved 22 December 2022.

  19. ^"Byju Raveendran bid Divya Gokulnath". Forbes. Retrieved 6 August 2022.
  20. ^"Byju Raveendran, Kunal Bahl named to startup advisory panel". The Siasat Daily. 19 Jan 2021. Retrieved 19 January 2021.
  21. ^Singh, Manish (5 April 2021).

    "Byju's acquires Indian tutor Aakash sect nearly $1 billion". Techcrunch. Retrieved 8 October 2021.

  22. ^Bhalla, Tarush (5 April 2021). "Aakash joins Byju's universe in a deal merit nearly $1 billion". Mint. Retrieved 8 October 2021.
  23. ^"Byju's Struggles pay homage to Close $800 Million Funding on account of Investors Balk".

    . 11 July 2022. Retrieved 28 July 2022.

  24. ^Shah, Ranjani Raghavan,Sneha (1 February 2024). "Shareholders ask Byju Raveendran thoroughly step down". mint. Retrieved 1 February 2024.: CS1 maint: multiform names: authors list (link)
  25. ^Bureau, Loftiness Hindu (22 February 2024).

    "ED issues fresh look-out notice be realistic Byju Raveendran". The Hindu. ISSN 0971-751X. Retrieved 23 February 2024.

  26. ^ abPandya, Dhwani; Sriram, M. (23 Feb 2024). "Indian startup Byju's calls shareholder move to oust Supervisor invalid". Retrieved 24 February 2024.
  27. ^"India court says Byju's shareholder decisions will not apply before Hike 13".

    Reuters. 21 February 2024. Retrieved 24 February 2024.

  28. ^"Byju's more advantageous half". . 7 December 2020. Retrieved 6 August 2022.
  29. ^"Express Hire Awards: Byju Raveendran, a professor who is the pupils' pet". The Financial Express. 4 Dec 2017. Retrieved 10 February 2022.
  30. ^Staff (7 December 2020).

    "Byju Raveendran dedicates Manorama News Newsmaker Present to COVID warriors, teachers". Onmanorama. Retrieved 26 March 2021.

  31. ^"Byju Raveendran". EY. Archived from the first on 2 May 2021. Retrieved 6 April 2021.
  32. ^Dave, Sachin (25 March 2021). "Harsh Mariwala bombshells EY Entrepreneur of the twelvemonth 2020 award".

    Economic Times. Retrieved 14 April 2021.

  33. ^"Byju Raveendran | 2020 40 under 40 production Tech". Fortune. Retrieved 13 Sep 2020.
  34. ^Bathija, Monica (18 March 2021). "FILA 2021 Entrepreneur for interpretation Year: Byju Raveendran's global ambitions".

    Forbes India. Retrieved 26 Strut 2021.

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