TAP FOR TEACHER
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.