Riju Raveendran, sibling of Byju Raveendran and brother-in-law of Divya Gokulnath, boasts impressive fortune and wields considerable power within the edtech realm.
Due to an ongoing investigation by the Enforcement Directorate, the future is uncertain for the co-founders of the sizable edtech enterprise, Byju’s, namely Byju Raveendran, his spouse Divya Gokulnath, and her brother-in-law, Riju Raveendran.
Riju Raveendran, sibling of Byju Raveendran and brother-in-law of Divya Gokulnath, played a role in the creation of the edtech establishment Byju’s alongside his relatives. Although he holds only a minor stake, his net worth is significant.
An essential stakeholder and board member in the edtech corporation Think and Learn, Riju Raveendran holds the position of director at Byju’s, which he established in 2012 with his sibling and sister-in-law.
Why is Riju Raveendran? Know his net worth
Riju Raveendran has been a critical figure in the development of the edtech enterprise Byju’s, collaborating with his brother Byju Raveendra since its inception. He currently oversees the company’s international operations and management.
Riju Raveendran harbors a passion for sports, particularly tennis and football. Although he possesses only a minor share in Think and Learn, Byju’s parent corporation, his net worth exceeds that of Divya Gokulnath, the company’s primary founder and his sister-in-law.
From the outset, Byju Raveendran’s younger brother has been involved with his edtech company and currently possesses a staggering net worth of USD 1.3 billion, as stated by Forbes. This amount translates to over Rs 10,645 crore, surpassing his sister-in-law Divya Gokulnath’s net worth of Rs 4,550 crore.
Why is Byju’s under investigation?
Byju Raveendran’s edtech company, Byju’s Learning App, has been subject to an investigation by the Enforcement Directorate. As part of this investigation, the agency carried out a raid on the offices and residences owned by Byju Raveendran in connection with alleged violations of the Foreign Exchange Management Act (FEMA).
After conducting the searches, the ED announced that they had found evidence suggesting that Byju’s Learning App had received foreign direct investment (FDI) of approximately Rs 28,000 crore between 2011 and 2023.
