Byju Raveendran, founder of the collapsed edtech company Byju’s, has been sentenced to six months in prison by a Singapore court in a contempt case, according to people aware of the development who told Bloomberg.The court directed Raveendran to undergo jail time after finding that he had failed to comply with several court orders linked to his assets since April 2024.He has also been asked to surrender before authorities, pay legal costs amounting to S$90,000 (around $70,500), and submit documents establishing his legal ownership of Beeaar Investco Pte, an entity that held shares in an affiliated company.The ruling marks another setback for the entrepreneur, who is already facing legal challenges from overseas investors across multiple jurisdictions. In the United States, lenders are attempting to recover losses tied to a soured $1.2 billion loan.According to the report, it remains unclear whether Raveendran is currently in Singapore or another country.Raveendran founded Think & Learn Pvt Ltd, widely known as Byju’s, which once emerged as one of India’s biggest startup success stories and turned him into a billionaire amid a surge of global investor interest in Indian technology firms.He is currently facing legal action in Singapore from a subsidiary of the Qatar Investment Authority, which had participated in a funding round for the edtech company during a period when the firm was cutting jobs and downsizing operations.Qatar Holdings was represented in the matter by Drew & Napier, while Byju’s Investments was represented by Fervent Chambers, the report said.(This is a top Google Trends toipc.)
