Byju’s Founder & His Wife Are India’s Youngest Billionaires: Rs 22,000 Cr Combined Wealth!
Byju Raveendran aged 39 and Divya Gokulnath with the age of 34 are India’s youngest billionaires.
Read on to know more about India’s youngest billionaires…
Byju’s Owners India’s Youngest Billionaires!
According to Forbes India Rich List 2020, Byju Raveendran and Divya Gokulnath have been ranked 46 on the list and have a combined net worth of $3.05 billion (approx Rs 22.3 thousand crores).
Byju Raveendran, a former math tutor, with his wife Divya Gokulnath founded the online ed-tech company, Byju’s in 2011.
Byju’s has a user base of 30 million students from class 4 to 12 mostly from India. The app has seen a total of 64 million downloads.
In June, Byju’s learning app entered the decacorn league (decacorn is a relatively new company that is worth at least $10 billion) after its valuation has soared to $10.5 billion amidst the COVID-19 pandemic.
Byju’s investors include Mark Zuckerberg Tencent and Tiger Global.
In 2019, Byju became the newest face in the Forbes Billionaire list, with a net worth of $1.9 billion.
Some Facts of India’s Youngest Billionaires!
After completing his engineering, Byju used to teach his friends maths or other students who need help with math. He would also prepare students to appear for entrance exams like the common entrance exam (CAT).
In 2003, when he appeared for CAT he scored 100%. After 2 years, he decided to pursue teaching as a full-time job.
In 2011, he set up Think & Learn to provide online lessons to students, before launching the main app in 2015.
Divya Gokulnath, his wife was one of Byju Raveendran’s early students. She has a bachelors in Biotechnology from RV College of Engineering in Bengaluru. After completing her bachelor’s, Divya had plans for Masters and was planning to apply to universities abroad. When searching for someone to help her sharpen her maths skills for GRE, she heard of Byju Raveendran’s classes from a friend.
After completing her GRE exam, Raveendran asked Divya to try a hand at teaching. After which she took many classes in Maths, English, and Reasoning.
After receiving her result of GRE and getting admissions to universities in the US, she decided to stay back.
Divya is now one of the board members and helps Byju run the company.