The Qatar Investment Authority, one of the largest foreign investors in India, has filed a petition in an Indian court seeking to require Byju Raveendran to disclose details of his personal assets. This represents a new challenge for the education technology entrepreneur who oversaw his high-growth startup raise funds just last year. QIA, which first invested in Byju’s in 2019 and again in 2022, also loaned Raveendran personally about $250 million in March 2022, which he reinvested into Byju’s during its most recent funding round that valued the company at a peak of $22 billion. Through its court filing, QIA has obtained an injunction prohibiting Raveendran from selling, pledging, or otherwise disposing of any of his assets.
The Qatar Investment Authority has filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996 seeking interim relief. The respondents in the petition include Raveendran and his Singapore-based investment company Byju’s Investments, which is controlled by Raveendran and his family members.
Also according to Forbes billionaire Index 2024 Byju Raveendran’s net worth has dropped to 0 .
