Byju Raveendran out of latest Hurun India rich list 2023 amid valuation markdowns

Byju Raveendran, the founder of edtech startup Byju’s, has been left off the latest Hurun India rich list due to a series of valuation markdowns faced by the company. Investors such as Prosus, BlackRock, and Baron Capital have slashed Byju’s valuation, which dropped from $22 billion to $5.1 billion. The overall wealth of startup founders on the rich list also decreased by Rs 85,000 crore due to the funding winter and policy changes.