New Delhi, May 27 (IANS) Social media users reacted on Wednesday after reports showed that Byju’s founder Raveendran has been sentenced to six months in jail by a Singapore court for contempt in a case linked to the disclosure of assets.Several users on X described the development as a cautionary tale for startup ecosystem, with many questioning the aggressive growth strategy adopted by the once high-flying edtech platform.”One solution provider who was supposed to aid and help kids get educat…
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New Delhi, May 27 (IANS) Edtech firm Byju’s founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt after allegedly failing to comply with multiple court orders related to his assets, a report has said.Bloomberg reported that the Singapore court directed Raveendran to surrender to authorities, pay legal costs of S$90,000 ($70,500) and furnish documents proving his ownership of Beeaar Investco Pte, a corporate entity that held shares in a related compa…