Forbes

TAP FOR TEACHER

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The son of teachers, Byju Raveendran realized he had a knack for education as an eighth-grade math whiz tutoring 11th- and 12th-graders ahead of their exams. Today, at 38, he (along with his family) is worth $1.9 billion, thanks to his fast-growing edtech company, Byju’s. The startup, which he founded in 2006 and which he says is profitable, raised $150 million earlier this year in a funding round that valued the business at $5.5 billion. Altogether, it has raised roughly $1 billion—more than any other edtech startup worldwide—from investors such as Mark Zuckerberg’s Chan Zuckerberg Initiative, U.S. venture firm Sequoia and China’s internet-services giant Tencent. Byju’s already has 2.8 million paying K–12 students signed up for its math-and-science tutoring app; in June, it launched a cobranded app with Disney aimed at India’s 6- to 8-year-olds. Says Raveendran of his company: “It’s a passion which ended up becoming a business.”

Unlike on the Forbes Billionair­es list, the net worths of India’s 100 Richest include shares held by extended family members.

Public fortunes were calculated based on stock prices and exchange rates as of September 27.

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