Byju Raveendran is the newest face on the Forbes list of 100 richest Indians
- Byju Raveendran’s net worth stood $1.91billion.
- His fortune from 21% stake his namesake ed-tech startup — Byju’s.
- The startup has been growing at a breakneck speed with its revenue climbing to ₹1,430 crore in FY19
“There are six new faces this year, including Byju Raveendran, the 38-year-old founder of fast-rising edtech unicorn Byju’s,” wrote Naazneen Karmali from Forbes Asia.
The other new faces include Manohar Lal and Madhusudan Agarwal of Haldirams, Rajesh Mehra of Jaquar, and Samprada Singh of Alkem Laboratories.
Byju Raveendran’s net worth stood $1.91billion. His fortune from 21% stake his namesake ed-tech startup — Byju’s. He recently joined India’s billionaire club — thanks to the latest round of $150 million funding from Qatar Investment Authority (QIA).
The startup has been growing at a breakneck speed with its revenue climbing to ₹1,430 crore in FY19, according to an Economic Times report.
Here's Byju Raveendran’s journey from a school teacher to becoming India’s youngest self-made billionaire:
He once gave the Common Entrance Test (CAT) for fun and scored 100 percentile. However, Byju decided not to go Indian Institute of Management, a premium business school in India even after getting the maximum marks twice.
Soon he left his highly-paid job started coaching his friends for CAT, as a full-time teacher.Advertisement
He took classes from a single room, then moved to a hall and then to a stadium.
Byju's tripled its revenue to ₹1,430 crore in the financial year 2018-19 and also turned profitable on a full-year basisAdvertisement
Byju's has already crossed ₹200 crore in monthly income and is estimating revenue of Rs 3,000 crore this year.
From September onwards, Team India will bear Byju's brand on their jerseys, replacing Chinese mobile-maker Oppo.Advertisement
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