Byju Raveendran is the founder and CEO of Byju’s, a leading online education platform in India that offers courses for students from kindergarten to postgraduate level. He is also a former math teacher and a self-made billionaire. According to sources, the net worth of Byju Raveendran and sources of income in 2023 are as follows:
1. Net worth: As of July 2023, his estimated net worth is approximately $475 million in 2023. This decrease can be attributed to the markdown of his company’s valuation by its lenders. They accused the company of defaulting on loan repayments and subsequently seized control of its holding company. It’s worth noting that his net worth also includes the loans he took out in the previous year to invest in Byju’s.
2. Sources of income: Byju Raveendran’s primary source of income is his role as the CEO of Byju’s, which he founded in 2011. Notable investors in Byju’s include Mark Zuckerberg and Tencent. For the year ending March 2021, Byju’s reported a net loss of 45.6 billion rupees ($573 million), a significant increase from the previous year’s loss of 3.1 billion rupees due to a doubling of operating expenses. His wife, Divya, one of his early students, plays an active role in managing the company and serves on the board. Additionally, he generates income from his YouTube channel, which boasts over 4.8 million subscribers and more than 500 million views as of September 2023.
More About Byju Raveendran
Byju Raveendran is an Indian entrepreneur and the founder of BYJU’S – The Learning App, an ed-tech company that offers online educational content to students. He was born on July 10, 1980, in Azhikode, a small village in the Kannur district of Kerala, India.
After completing his schooling in a Malayalam-medium school, Raveendran pursued a degree in Mechanical Engineering from the Government Engineering College in Kannur. However, he soon realized that engineering was not his true calling, and he began teaching his friends to prepare for the CAT (Common Admission Test) exam for MBA program admissions.
In 2003, Raveendran took the CAT exam himself and achieved a perfect 100 percentile score. Although he received admission offers from all the IIMs (Indian Institutes of Management), he chose to follow his passion for teaching. He commenced teaching CAT aspirants, and his classes gained such popularity that he had to rent a stadium to accommodate all the students.
In 2007, Raveendran founded BYJU’S – The Learning App with the goal of providing quality education to students through innovative technology. Initially, he focused on classroom coaching for CAT aspirants but later expanded to include other competitive exams such as JEE, NEET, UPSC, and more.
In 2015, BYJU’S launched its flagship product, BYJU’S Learning App, which offers video lessons, interactive quizzes, and personalized learning to students. The app has gained immense popularity in India and boasts over 100 million users, making it one of the largest ed-tech platforms in the world.
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