BYJU’S Founder Jailed For 6 Months In Singapore Over Asset Disclosure Violations

Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt after failing to comply with court orders related to disclosure of his assets, according to people familiar with the matter.

The court ruled that the BYJU’S founder disobeyed several directions issued since April 2024. Raveendran has been ordered to surrender to authorities, pay legal costs of S$90,000 and submit documents establishing his ownership of Beeaar Investco Pte, an entity that held shares in a related company.

The latest legal setback adds to mounting troubles for the entrepreneur, who is facing claims from investors and lenders across multiple jurisdictions, including the United States, where creditors are seeking to recover losses tied to a defaulted $1.2 billion loan.

Raveendran did not immediately respond to requests for comment, and it remains unclear whether he is currently in Singapore.

Once celebrated as one of India’s biggest startup success stories, Raveendran built BYJU’S into a global edtech giant through Think & Learn Pvt Ltd. The company later ran into financial distress amid layoffs, funding pressures and disputes with investors.

The Singapore proceedings were initiated by Qatar Holdings, a unit of the Qatar Investment Authority, which had invested in the company during a funding round.