Singapore court sentences Byju Raveendran to 6 months in jail over contempt
A Singapore court has sentenced Byju Raveendran to six months in prison, starting off what appeared to be the legal denouement of a business saga that witnessed dizzying heights, cashing in on the startup boom and the pandemic-era edtech breakthrough before crumbling under the weight of runaway expenses and rising debts.
Raveendran, the valuation of whose education technology business spectacularly plummeted from $22 billion in 2022 to zero in 2024, had been sued in Singapore by the Qatar Investment Authority for losses incurred on his venture when it failed two years ago.
