Byju's CEO Raveendran's Bengaluru Office and Residence Raided by ED
The ED carried out searches under the provisions of Foreign Exchange Management Act (FEMA), having seized various incriminating documents and digital data. The Enforcement Directorate on Saturday carried out searches at the three premises of Raveendran Byju , the founder and chief executive officer of ‘Think and Learn Private Ltd' that runs edtech platform under the name of BYJU's. The probe agency carried out searches under the provisions of Foreign Exchange Management Act (FEMA), having seized various incriminating documents and digital data. Byju Raveendran, founder & CEO of Byju's According to the probe agency, the company received foreign direct investment (FDI) worth ₹28,000 crore between 2011 and 2023. It remitted approximately ₹9,754 crore to various foreign jurisdictions during the same period in the name of overseas direct investment. As per ED, Think & Learn Private Limited had booked around ₹944 crore in the name of advertisement and marketing expenses