The founder of Indian edtech firm, Byju’s, Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt, as per sources to Bloomberg.
As per reports, Byju Raveendran has been ordered to serve jail time after the court said he had disobeyed various orders related to his assets dating back to April 2024.
Byju Raveendran has been ordered to surrender himself to officials and pay S$90,000 ($70,500) as well as give documents proving his legal ownership of Beeaar Investco Pte.
This sentence of six months in jail is the latest blow to the founder who is already facing claims from foreign investors globally, even in the US where lenders are fighting to claw back losses from a $1.2 billion loan that soured.
The whereabouts of Raveendran are unclear at the moment, however the multiple setbacks and legal lens on the edtech firm's founder have raised several concerns and questions.
Byju Raveendran first started becoming popular for his teaching style after he began coaching students for competitive exams. He founded BYJU's in 2011 with the idea of focusing on digital learning and using interactive videos as well as a personalised education style for students. Not so long ago, Raveendran was seen as India’s start-up poster boy as BYJU’s rapidly expanded on investments and celebrity endorsements.
However, troubles began mounting from 2022, the COVID-19 pandemic-driven need for online learning started slowing, funding pressures mounted and layoffs took over. In 2023 legal disputes and concerns with lenders intensified. In 2024 insolvency proceedings began and in 2025 court battles continued to rise.
Sakshi Bajaj is a seasoned Associate Editor with over 15 years of experience in broadcast journalism. She has anchored, scripted, produced shows and w...View More
Source: India Latest News, Breaking News Today, Top News Headlines | Times Now
