Byju's founder Byju Raveendran's net worth dropped to $0 due to company's financial challenges, net loss, and valuation reduction.
Byju Raveendran, founder of Indian edtech giant Byju's, saw his net worth plummet to $0 according to Forbes' 2024 Billionaire Index. His company has faced financial challenges, a net loss of over $1bn in FY2022, and a valuation reduction by BlackRock to $1bn from $22bn in 2022. Byju's has laid off over 500 employees and is undergoing a major restructuring.
April 03, 2024
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